Dependent Day Care Flexible Spending
Account
The
Dependent Day Care Flexible Spending Account (DDCFSA) primarily benefits
employees with dependent children under age 13, or with an incapacitated spouse or
dependent who lives with the employee at least 8 hours a day. A list of eligible
dependent care expenses can be found at the
NCFlex
Program Online Brochure.
When
you have an expense that qualifies for reimbursement, just submit a completed claim
form with the necessary documentation and a receipt with your dependent care
provider's tax identification number or Social Security Number, and you will
receive a tax-free reimbursement.
You
will contribute a set of amount of money to your account through payroll
deduction on a pre-tax basis. The monthly contribution can't be less than
$10 ($120 per year). If you are single or if you are married and file a joint
tax return, your monthly maximum contribution is $416.66 ($5,000 per year). If
you are married and file a separate tax return, your monthly maximum
contribution is $208.32 ($2,500 per year). This complies with the limits
established by current federal tax regulations.
AON
Consulting Toll Free Number: 1-877-371-2926
For
more information about the Dependent Day Care Flexible Spending Account, please see the
NCFlex website,
or email or call Lisa Honeycutt at 232-5114.
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