It’s no secret that child care can be costly, but a dependent care FSA from ConnectYourCare lets employees set aside money from their paycheck, before taxes, to pay for dependent care expenses while they work.
A dependent care FSA, also referred to as a dependent care assistance program (DCAP), funds cover a variety of eligible expenses, including:
– Before or after school care;
– Day care or preschools;
– Summer camps, holiday camps, and more!
It can also be used toward qualifying custodial care for adult dependents, such as a spouse or live-in parent that is incapable of self-care.
Managing a dependent care FSA is easy! Through ConnectYourCare’s myCYC® mobile app, employees can quickly and conveniently view their account balance, snap a picture and upload a receipt, and request reimbursement.
ConnectYourCare: Making it easy to manage care, so you can enjoy life.