Dependent Care FSA

Contact

UHC Card Services | 800-331-0480
Group #: 709716 | www.myuhc.com

Click below for valuable information on how an FSA can save you money!

Savings with a Flexible Spending Account

 The Dependent Care Flexible Spending Account allows you to set aside up to $5,000 annually on a before-tax basis to pay for eligible dependent care expenses. (Please note: dependent care expenses refers to day care, not medical expenses for dependents.)

How it Works

- The family maximum you can set aside in one year is $5,000. Your annual election should be determined based on the date you are eligible to start participating in the program through June 30th.
- If you join the plan mid-year and previously participated in another employer's dependent care FSA, your maximum combined annual contribution under both plans is $5,000. It is your responsibility not to exceed the maximum combined annual contribution limit.
- Your deductions are put loaded into your Flexible Spending Account after payroll is processed. PLEASE NOTE: This is different from the Healthcare FSA, and does not load your full election onto your card after the first payroll is processed.
- Once funds are loaded you can either use your FSA card if your provider accepts it, or submit a reimbursement claim form with a receipt from your dependent care provider to United Healthcare, DriveTime's FSA administrator. Reimbursement up to the balance in your FSA is usually made iwthin 10 business days of receipt of your completed claim form by UHC.

"Use it or Lose It" Rule

- You will have 3 months following the end of the plan year to submit claims for eligible expenses incurred from your coverage effective date through your coverage end date. If you have funds remaining in your account after this point, the funds will be forfeited, as required by IRS regulations. it is very important that you carefully estimate the amount of your FSA contirbutions.

When You Can Enroll

- Your election must be submitted online within 60 days of your hire date or within 31 days of a Family Status Change event, such as gaining a new dependent. You may also enroll during DriveTime's benefits Open Enrollment. If you do not re-enroll, your participation will cease.