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Dependent Day Care FSA Flier

Dependent Day Care FSA Flier - Departments & Programs, UW Health, Benefits, UW Health Open Enrollment, UWHC Open Enrollment, Flexible Spending Account (ERA), Resources





A Dependent Day Care Flexible Spending Account (FSA) is a pre-tax benefit used to pay for eligible day
care expenses for qualified dependents in order for you (or your spouse) to work, look for work, or attend
school full-time.

What are the benefits? How does it work?
ξ Pre-tax contributions reduce your taxable
income.
ξ Your Dependent Day Care FSA Funds become
available to you as payroll deductions are taken.
ξ Easiest way to pay for everyday out-of-pocket
eligible dependent day care and/or elder care
expenses, with tax-free money.
ξ Multiple self-service tools available to easily
manage your TASC Account and TASC Card
transactions.
ξ Use your TASC Card to pay for eligible
dependent day care expenses, or easily submit
requests for reimbursement online.

ξ
ξ Use our tax-savings calculator or annual expense
estimate worksheet to help determine how much
you should contribute per year.
ξ Your annual contribution is deducted pre-tax from
your paycheck in equal amounts throughout the
plan year and deposited into your TASC Account.
ξ The Dependent Day Care FSA is a money-in
money-out benefit. Each pay period a contribution
posts to your account, after which you may submit
reimbursement requests for eligible expenses.
ξ Manage your account 24/7 via the TASC Benefits
mobile app or TASC Online account at
https://partners.tasconline.com/ETFEmployee

Enrollment Eligibility
ξ Most full-time or part-time state and university employees are eligible to participate in a Dependent Day Care
FSA.
ξ Note: Employees who are classified as fellows, scholars, and research assistants in the University of
Wisconsin System, as well as limited term employees, student hourlies, per diems, and other temporary
employees are not eligible.
ξ For a married individual to be eligible for the Dependent Day Care FSA, your spouse must be unable to
provide dependent day care and/or elder care because he/she works full-time, is actively looking for work,
enrolled in or attending school full-time, or physically/mentally incapable of self-care.

Important Considerations
ξ Dependent Day Care FSA is not eligible for annual carryover. It is important to be conservative in making
elections because any unused funds in your Dependent Day Care FSA at the close of the plan year are not
refundable to you.
ξ It is a participant’s responsibility to read and adhere to the TASC Card terms and conditions. By accepting and
using your TASC Card, you agree to the Cardholder Agreement. You are obligated to satisfy any
documentation requirements and to retain those documents and records for tax purposes or in the event of an
IRS audit. Refer to the TASC Card Section in the ERA Participant Guide for more information.
ξ You may change your Dependent Day Care FSA elections during the plan year only if you experience a
qualified life change event, such as, a marriage or divorce, birth or adoption of a child, or a change in
employment status. Refer to the Change in Status During the Year Section in the Employee Reimbursement
Account (ERA) Participant Guide for more information.


Annual Contribution Limits 2017 2016
Dependent Day Care FSA Annual
Contribution Limit $5,000
1
$5,0001


Dependent Day Care FSA Carryover Limit $0 $0
This is the amount the Internal Revenue Service (IRS) allows to be
contributed to a Dependent Day Care FSA.


HEALTH SAVINGS
ACCOUNT
Annual Dependent Day Care
Contribution Limits
DEPENDENT DAY
CARE FSA
1: Restrictions may apply.

Eligible Dependent Day Care FSA Expenses
Below is a partial list of eligible expenses that are reimbursable through a Dependent Day Care FSA. Eligible
expenses may only be incurred by your qualified dependent(s). Health care expenses are not eligible. For more
information, see your ERA Participant Guide. For the complete list of eligible and ineligible expenses, visit
www.IRS.gov and see IRS Publication 503.

ξ Adult daycare
ξ After-school and before-school care/program2
ξ Au pair/nanny salary and fees
ξ Babysitting in your home or someone else’s home1
ξ Babysitting by your relative who is not a tax
dependent 1
ξ Care when one parent works days and other parent
works nights1
ξ Care while looking for work
ξ Care while on family, personal or medical leave
ξ Care while you/spouse is working at self-
employment1
ξ Child daycare or day camp2
ξ Custodial elder care1

ξ Employer-provided on-site daycare2
ξ Federal employment taxes (FICA, FUTA) of Dependent
Day Care provider
ξ Household services related to dependent care
ξ In-home care1
ξ Nighttime care1
ξ Nursery school/ preschool fees or tuition
ξ Payroll taxes related to eligible dependent care
ξ Room and board for caregiver (au pair, nanny, etc.)
ξ Senior daycare1
ξ Sick child care1
ξ Specialized daycare
ξ Transportation to and from eligible dependent care
(provided by the care provider)
1: Care must be work-related. Restrictions may apply. See IRS Publication 503 for more details.
2: Primary purpose must be custodial care, and not educational in nature. See IRS Publication 503 for more details.

Additional Dependent Day Care FSA Criteria
ξ Dependent Day Care FSA expenses must be work related. The care must be necessary for you (and your
spouse) to work, look for work, or attend school full-time, or if you are physically unable to care for your tax
dependent.
ξ Dependent Day Care FSA expenses submitted for reimbursement during a calendar year may not exceed
$5,000.
ξ In the case of separate returns by married individuals, the limit is $2,500 each. The amount may be less if your
earned income or your spouse’s earned income is less than $5,000.
ξ Dependent Day Care FSA is not eligible for annual carryover. All claims must be incurred by December 31 and
submitted by March 31. Any unused funds left in your Dependent Day Care FSA at the close of the plan year
are not refundable to you.
ξ Note: Dependent Day Care FSA can only be used for care of eligible dependents, not for health care
expenses.

How to Enroll Following Enrollment
ξ Annual It’s Your Choice Open Enrollment period:
October 17 – November 11, 2016
ξ Benefit Period: January 1 – December 31, 2017
ξ Deadline for New Hire Enrollment is within 30
days from hire date. Contact your human
resources/benefit office for details.
ξ Deadline for Qualified Life Change Event
Enrollment or Changes is within 30 days from the
date of the qualified life event. Contact your
human resources/benefit office for details.
ξ Visit www.etf.wi.gov/IYC2017 for enrollment
information, or contact your human
resources/benefit office for enrollment
instructions.
ξ Note: Must re-enroll in a Dependent Day Care
FSA each year. Elections do not carry forward
from year to year.

Once you have enrolled, you will receive:
ξ Welcome Brochure
The ERA Welcome Brochure will provide you with
information on how to manage your Dependent
Day Care FSA, set-up your TASC Online account,
your responsibilities, and key dates. It will also
provide you with more information on the multiple
self-service tools available to easily manage your
TASC Account and TASC Card transactions.
ξ TASC Card
Your TASC Card allows you to conveniently pay for
eligible Dependent Day Care expenses. Be sure to
review the Cardholder Agreement included with
your TASC Card.
o Note: If you are a current TASC participant,
you will not be issued a new TASC Card. You
will continue to use your current TASC Card.


TASC Customer Care | Phone 844-786-3947 or 608-316-2408 | Email 1customercare@tasconline.com