Dependent Care

A dependent care account is similar to a medical account except it’s for paying daycare expenses. This account does not cover medical expenses for your dependents. Refer to the medical reimbursement account for these types of expenses. The money you contribute to a dependent care account is not taxable, which means you’ll pay less taxes than you would if this money is counted as taxable income.

To learn more about Dependent Care, please read the latest FlexElect Handbook on the Flex Accounts Bookshelf​.