What is the difference between the Health Care and Dependent Care (daycare) FSA?
A Health Care FSA can be used for reimbursement of eligible health care costs for you and your dependents. This includes over-the-counter medications*, contacts, eyeglasses, physician co-pays, prescription drugs etc., for you and your dependents that are not reimbursed by your health care plan. Dependent Care FSA (daycare) is used for day care and summer camp fees for dependent children under age 13, and/or eldercare expenses for eligible disabled dependents who need care while while you are at work. You must be able to claim all dependents you are seeking reimbursement of expenses for on your income tax return as a dependent. Q: What over-the-counter drugs are reimbursable through my Health Care Flexible Spending Account?* A: The IRS has ruled certain over-the-counter medications such as antacids, allergy medicine, pain relievers and cold medicines purchased for personal use to alleviate or treat personal injuries or sickness can be reimbursed through a HealthCare FSA. Vitamins and di
