Dependent Care FSA
The Dependent Care FSA enables you to pay with pre-tax dollars for day care expenses for your children and for your mentally or physically disabled dependents of any age.
Use-It-or-Lose-It Rule
Don’t forget to spend your FSA dollars. If you have not used all of your FSA dollars before the end of the plan year (December 31) or the date you are no longer eligible for the Plan/ leave Bloomin’ Brands, whichever comes first, you will forfeit any money left in your account. All claims incurred during the time you are eligible in that calendar year must be submitted for reimbursement no later than March 31. For example, if you were eligible for the entire year, January 1 – December 31, 2022, you would have until March 31, 2023 to make sure you have submitted to Wex all 2022 claims for reimbursement.
Highlights
Use the Dependent Care FSA to pay for:
- Babysitters or companions, including relatives over age 19 whom you do not claim as tax exemptions who care for your dependents so you can work
- Education expenses, such as nursery school for children not yet in kindergarten
- Day care expenses for children under 13
For a complete list of FSA eligible expenses, including dependent care expenses, view Wex’s eligible expense chart.
You are reimbursed for eligible expenses up to the amount you have contributed to your account.
| Annual contribution | For services incurred | Claims must be received by | Unused funds |
|---|---|---|---|
| $130 min; $5,000* max per household | January 1 through December 31 | March 31 of the following year | Forfeited |
*$2,500 if you’re married and file separate federal tax returns.
Contacts
Wex Benefits
Flexible Spending Accounts
