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How are my Dependent Care Flexible Spending Account (FSA) contributions affected?

April 26, 2017account affected contributions dependent flexible FSA Spending

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How are my Dependent Care Flexible Spending Account (FSA) contributions affected?

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Your annual FSA contribution will remain the same as you elected. Monthly contributions will now be split over two paychecks. As a reminder, your reimbursement for eligible Dependent Care FSA expenses cannot exceed the balance of your account at the time of your claim. With this change, you may now submit for reimbursement after the first paycheck of each month. However, you must have sufficient funds in your account to receive reimbursement.