Day Care Flexible Spending Account (DC-FSA)
HSA Bank
A Day Care Flexible Spending Account (DC-FSA) administered by HSA Bank that allows team members to set aside pre-tax dollars to pay for eligible daycare expenses including daycare for children age 12 and under, disabled children, and dependent adults, with a 2027 annual contribution limit of $7,500.
FSAs, administered by HSA Bank, offer a smart way to stretch your dollars by setting aside pre-tax money to pay for eligible day care expenses. Each year, you must elect the annual amount you want to contribute to each account. Your contributions will be deducted pre-tax from your paycheck which helps reduce your taxable income. Keep in mind that you cannot change your election during the year unless you experience a qualifying life event.
Note: FSA funds must be claimed within 90 days for spending accounts that are closed.
You can use your Day Care FSA funds for Upwards services! For more information, visit upwards.com/benefits/jps.
Day Care FSA Plan Details
| Feature | Day Care FSA |
|---|---|
| Annual Contribution Limit | $7,500 ($3,750 if married and filing separately) |
|
Eligible Expenses Refer to IRS Publication 503 for a complete list of eligible expenses |
Daycare for children age 12 and under, disabled children, and dependent adults |
| Availability of Funds | You can be reimbursed up to the amount available in your account |
| Payment or Reimbursement Options | Reimbursement |
| Rollover Options | Unused funds do not roll over |
| Services Deadline | 3/15/2028 |
| Submission Deadline for Reimbursement | 3/31/2028 |
- ✓Watch a video to learn more on FSAs.
- ⚠Unused Day Care FSA funds do not roll over at year end.
- ⚠FSA funds must be claimed within 90 days for spending accounts that are closed.
- ⚠Elections cannot be changed mid-year without a qualifying life event.
- 👤Team members with children age 12 and under who incur regular daycare expenses.
- 👤Team members caring for disabled dependents or dependent adults who need daycare services.
- 👤Team members looking to reduce taxable income by paying for daycare expenses with pre-tax dollars.
HSA Bank
1-844-650-8947
hsabank.com