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Frequently Asked Questions

Can I use the money in my Health Care FSA to help pay for dependent care expenses?

Health Care FSA FAQs (Human Resources)
No. Contributions allocated to one benefit account can only be used to pay a claim from that benefit program. For example, your contributions to your Health Care FSA cannot be used to pay a dependent care expense.

Can I claim dependent care expenses under my Dependent Care FSA after my child turns 13 years old?

Frequently Asked Questions
Expenses for dependent care no longer qualify for the Dependent Care FSA on the day your child turns age 13 unless they have been certified as incapable of self-care. Care for dependents incapable of self-care qualifies to any age as long as it is for care and well-being while you are working or looking for work. No. Only charges for care and well-being in order for you to work or look for work qualify for your Dependent Care FSA.

Can money in a Medical FSA be used for Dependent Care expenses and vice versa?

Benefit Specialists of NY
No. Money directed to one type of account can be used only for expenses relating to that account. This is true even if all the money in one account is not used and the other account runs short. Participants will forfeit any money left in the account after they have submitted claims for the entire year. Reminders are sent to the employee to minimize this risk.

How much money can I put in the dependent care account?

FAQs
You can make an annual contribution ranging from $130 to $5,000 (or $2,500 each if you are married and file your taxes separately). You can go to the Internal Revenue website at www.irs.gov and view IRS Publication 502 (Medical and Dental Expenses) and IRS Publication 503 (Child and Dependent Care Expenses).

Is the premium deducted on a pre-tax or after-tax basis?

Frequently Asked Questions: Short Term Disability, Benefits,...
Contributions deducted from an employee's paycheck deducted on an after-tax basis subject to income tax and both Medicare and social security taxes.

How will Flexible Spending Accounts (FSA's) for Dependent Care and/or Health Care save me money?

ERACPeople - Enrollment Questions
You can reduce your taxes and increase your spendable income by setting aside pre-tax dollars in a Dependent Care Spending Account and/or Health Care Spending Account. Through these accounts you can pay for qualifying dependent care expenses up to $5,000 annually and/or qualifying health care expenses up to $3,000 annually. Enterprise pays all administrative costs for this benefit.

Can I transfer money from my health care FSA to my dependent care FSA or vice versa?

Flexible Spending Account (FSA)
The health and dependent care spending accounts are two separate benefit plans. Per IRS regulations, you cannot transfer money between the two accounts.

Can I use a dependent care FSA for elder care?

Flexible Spending Account (FSA)
You can use the spending account for eligible daycare expenses so that you (or you and your spouse) can work if: a. You are responsible for at least 50 percent if the support of an elderly parent or any person living with you who is physically or mentally incapable of self-care. You also can use the dependent care spending account if the elder care is needed because you work and your spouse is a full-time student. Yes.

If I pay my dependent care provider in advance of the services, can I file my claim when I pay?

Frequently Asked Questions
No. You may file claims for services provided after the period of service claimed has been provided in full. You may claim services as frequently or as infrequently as you prefer, but you cannot claim future services.

How do I add or remove a dependent from my health care coverage?

ILWU-PMA Benefit Plans - Frequently Asked Questions
You can download and print the form from our forms page. You may also obtain a form by calling our office at (415) 673-8500.

What are eligible dependent care expenses?

Dependent Care FSA FAQs (Human Resources)
Eligible expenses include many of the expenses you pay for the care of your eligible dependents while you work. You can use pre-tax dollars in an FSA to pay for day care services provided to your children under age 13, as well as an incapacitated parent or spouse.

What expenses are ineligible under a dependent care FSA?

CONEXIS FSA FAQs - Dependent Care
Registration fees or administrative fees that are attributed to materials or administrative type fees This list is not all-inclusive. If you have questions regarding whether an expense is eligible or ineligible under a dependent care FSA, please call CONEXIS at (877) 864-9549

What are qualifying expenses for child and dependent care?

Frequently Asked Tax Questions
Qualifying expenses are for the care of a qualifying person with the main purpose of the expense being

Are individuals eligible for a tax credit for health care expenses on their personal tax return?

MedicalTAX inc. faq's
Health care expenses over a certain threshold entitle you to a tax credit. The threshold is determined by your net income. If your net income exceeds $58,500, the first $1,755 is non-deductible in determining your tax credit. Qualifying expenses will give rise to a 16% federal tax credit.

How do I pay for shipboard expenses? Do I need to bring foreign money?

faq
Your ship accepts credit cards, cash and travelers checks for additional expenses such as alcohol, shore excursions, gift shop purchases and spa services. The ship is "cashless". An imprint of your credit card (or a cash deposit) is taken at the beginning of your cruise. The last night of your cruise, you will receive a bill detailing any incremental charges. If you are using a credit card your charges will be automatically billed to your card.

Are premiums deducted from my paycheck on a pre-tax or after-tax basis?

Frequently Asked Questions: Long Term Care, Benefits, Human ...
Deductions for Long Term Care coverage are after-tax. Deductions pay for the employee's coverage. Coverage for a spouse, parent, etc are paid directly to CNA.

Is child care or elder care provided?

Jury Duty - Frequently Asked Questions (FAQ)
While the Circuit Court is working to establish a system to care for young children and elderly adults in the future, at the current time we do not provide these services. Call the Jury Commissioner at (410) 333-3775 and explain your situation. If possible, the Jury Commissioner's Office will select a mutually acceptable date for you to serve on jury duty at that time. If you are able to serve but have some special needs let the Jury Commissioner know and we will try to accommodate you.

Can a county count money it has set aside in a trust fund to be used for health care expenditures?

Distribution of Tobacco Settlement Frequently Asked Question...
Counties can only count the expenditures made out of the trust fund. It cannot count the amounts set aside in the trust fund, but can count expenditures made out of the trust fund if they are used for health care services and the county does not receive reimbursement for those services.

What about the tax credit for child and dependent care?

BSI Administrative Services: FAQs
Expenses reimbursed from the child/dependent care account cannot also be claimed as a tax credit on your individual tax return (Form 1040, line 41). Sometimes this credit is better than the deduction allowed through the Flex Plan. While you can "Contact Us" for a general view, please consult your tax advisor as to whether to choose the tax credit or the deduction.
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