A Dependent Care Flexible Spending Account (FSA) provides potential tax-advantaged reimbursement of out-of-pocket expenses related to dependent care, including daycare, nursery school and day camp for children, as well as services for adult dependents who cannot care for themselves.
This plan allows employees to deduct dollars from their paycheck and deposit them into an account that’s exempt from federal income taxes, Social Security (FICA) taxes and, in most cases, state income taxes.
Our Dependent Care FSA solution allows you to:
- Take advantage of comprehensive, one-stop, compliant Dependent Care FSA administration capabilities.
- Offer a full-scope Section 213(d) Dependent Care FSA.
- Manage Dependent Care FSA eligibility, contributions and schedules with one tool.
Contact your local sales representative for more information.
Dependent Care FSAs are accounts offered by Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC) and administered by WEX Health, Inc.