Understanding Health Care and Dependent Care FSAs

Health Care FSA vs. Dependent Care FSA

Health Care FSA:

• A Health Care FSA allows you to set aside pre-tax money for eligible health care expenses
• Covers you, your spouse, and eligible dependents
• Use it for eligible medical, dental, vision, and prescription expenses
• Pay using your FSA payment card. Or submit claims online or on the myCYC mobile app

Dependent Care FSA:

• A Dependent Care FSA allows you to set aside pre-tax money for eligible dependent care expenses
• Covers your eligible dependents
• Use it for child and elder day care while you work, like before- and after-school care expenses, summer day camp, nursery school, and pre-school
• Medical and health care expenses are not eligible
• Pay out of pocket, then submit claims online or on the myCYC mobile app