Precision Administrators, Inc., specializes in Dependent Care Flexible Spending Accounts and knows how to help you re-invest into your family's quality of life.

What is Dependent Care FSA?

A Dependent Care Flexible Spending Account is an employer-sponsored benefit that allows you to manage care expenses with pre-tax money. The amount you contribute to the account for the year is deducted from your salary before income taxes are applied.

What is the benefit of a Dependent Care FSA?

Enrolling in Dependent Care FSA increases your take-home pay, reduces your total tax amount, and lowers out-of-pocket dependent care expenses.

Who is considered a Dependent?

An employee may only use Dependent Care FSA for the following qualifying dependents: children under 13, disabled qualifying relative, spouse that is unable to work or care for themselves, adult child unable to care for themself, elderly family members that are listed as dependent on tax return.

What is considered an eligible expense?

A few examples of eligible items are:

• Adult Day Care Facilities
• Application Fees for Daycare
• Au Pair
• Babysitting (Work-Related)
• Extended Care (Before or After School Hours)
• Late Pickup Fees
• Preschool Tuition
• Summer Camps for Dependent Children Under 13 Years of Age
  

How much should I contribute to my Dependent Care FSA?

There is no one size fits all solution to how much to contribute! How much an employee contributes to their Dependent Care FSA depends on the price of their care provider, applications costs, and fee schedule.

How much can I contribute to my Dependent Care FSA?

The maximum contribution limit for any given plan year is $5,000.00. Single and/or Married Couples filing jointly can contribute $5,000.00, but couples filing separately can only contribute $2,500.00.

When do I receive reimbursement for my Dependent Care FSA?

Dependent Care FSA requires that the funds come out of your payroll prior to receiving reimbursement. An employee may submit an Annual Claim Form at the beginning of each plan year with a receipt to receive reimbursement automatically per payroll or you may submit claims on a per-need basis.

Where do I submit my claim?

Submit your Annual Claim Form via the Employee Portal or by email to: claims@paibenefits.com