Can I use the Yale University Flexible Benefits Plan for my child care expenses?
The Yale Flexible Benefits Plan permits you to save money by reducing your taxable compensation to cover qualifying child/dependent care expenses. How it works: Salary reductions designated for child/dependent care or medical/dental expenses are accumulated in a reimbursement account on behalf of the participant pending submission of claims for reimbursable expenses. (An individual cannot lump his or her reduction to correspond to a particular part of the year. Instead, the annual reduction is divided into equal periodic payroll reductions throughout the year.) Expenses are reimbursed until the cumulative total equals the annual amount designated. For specific details go to: http://www.yale.edu/hronline/benefits/fsa/FLexibleSpending.
The Yale Flexible Benefits Plan permits you to save money by reducing your taxable compensation to cover qualifying child/dependent care expenses. How it works: Salary reductions designated for child/dependent care or medical/dental expenses are accumulated in a reimbursement account on behalf of the participant pending submission of claims for reimbursable expenses. (An individual cannot lump his or her reduction to correspond to a particular part of the year. Instead, the annual reduction is divided into equal periodic payroll reductions throughout the year.) Expenses are reimbursed until the cumulative total equals the annual amount designated.
