If you need a child or adult daycare to care for your loved ones while you work, then a Child and Adult Daycare FSA may be right for you. You know how expensive that care can be. But, with a Child and Adult Daycare FSA, you can save money on eligible childcare and adult daycare expenses by using pre-tax dollars.
With a Child and Adult Daycare FSA, you elect an amount to be deducted pre-tax from your paycheck to use to pay eligible expenses below:
Child or adult care (during work hours only)
Preschool
Summer day camp
Before- and after-school care
Elder daycare expenses for dependent adults
Just elect to enroll, then choose the amount you wish to contribute to this account. The minimum amount you can contribute is $120 per year, up to the maximum amount per year that is based on your tax-filing status:
Married, filing a joint return — $5,000
Head-of-household — $5,000
Single or Married, filing separate returns — $2,500
You can arrange for convenient direct payments to your provider using the Pay-My-Provider option on the EZ Receipts app, or you can pay child and adult daycare expenses yourself and request reimbursement.
Who Is Eligible
Employees of state agencies or school boards.
Employees of certain quasi-governmental agencies.
Contact your Insurance Coordinator for details.
Who Is Not Eligible
Retirees.
Employees of an agency that does not participate in KEHP's FSA/HRA program with HealthEquity.