Why Offering a Dependent Care FSA Plan Matters
For many families, the cost of providing quality care to dependents is a significant monthly expense.
When employers offer a Dependent Care Flexible Spending Account (FSA) — also known as a Dependent Care Assistance Program (DCAP) — as part of their benefits package, employees have the option of paying for these expenses with pre-tax funds, effectively saving money while they’re at work providing for their loved ones.
If designed and administered the right way, a company’s Dependent Care FSA can help reduce employee stress and increase their workplace engagement — as well as their loyalty to the employer. That’s why so many companies across the U.S. use ConnectYourCare as their Dependent Care FSA administrator.
Why Employers Love ConnectYourCare Dependent Care Plans
ConnectYourCare provides full transparency, easy account management, and customizable online reporting tools for each of the plans we offer.
We make it easy for you to offer dependent care benefits to your employees as part of an attractive benefits package, while we do the heavy lifting.
ConnectYourCare’s solution was developed to process all health and dependent care account transactions at a single point, with the goal of providing you and your employees with the control, flexibility and compliance you need.
You’ll always have the most up-to-date account information across all the plans your company offers.
Your company benefits from our expert, dedicated account support, proven implementation methodology and the expertise of our team of seasoned industry professionals.
What’s more, you’ll have the use of targeted communications geared to ease implementation, promote a deeper understanding of the plans you offer, boost enrollment, and increase the overall satisfaction of your employees.
While the government always requires documentation for dependent care claims processing, ConnectYourCare has made this as easy as possible for your employees.
Participants can easily submit dependent care claims with our myCYC mobile app or by uploading them online with our Participant Portal. Alternatively, participants may also send in documentation with a cover sheet by fax or U.S. mail.