What’s the benefit of enrolling in the dependent daycare Flexible Spending Account?
The dependent daycare FSA allows you to set aside pre-tax dollars from your pay and use that money to pay for eligible dependent care expenses. The savings can be 20 percent—or more, depending on your tax bracket. And with the WaMu dependent daycare FSA match of up to $1000, you’re missing out on free money if you have any dependent daycare expenses. For more information, read the FSA Summary Plan Description (SPD). Find it on WaMu Health on the Resource Library tab under Learn About My Health Benefits.
