Can I submit claims for dependent care expenses that are greater than the current balance of my Dependent Care FSA?
Yes, however, you will only receive reimbursement for the amount that you have contributed to your Dependent Care FSA. For example: If you contribute $150 each month to your Dependent Care FSA, then you will only receive $150 in reimbursement each month. The excess amount of expenses will be pended and automatically paid to you as contributions are posted to your account.
Related Questions
- If the employees spouse does not work, is not incapacitated, and is not a full-time student, can the employee submit expenses under a dependent care spending account?
- Can I submit claims for dependent care expenses that are greater than the current balance of my Dependent Care FSA?
- What happens if I submit a claim for an amount greater than my health or dependent care FSA balance?
