This program is a way for you to set aside pre-tax dollars for eligible child day care and elder care expenses. Both the employee and spouse must be working, attending school or looking for work.
The maximum contribution is $5,000 per family per year.
Eligible expenses are for a dependent under the age of 13 or one who is physically or mentally unable to provide care for him/herself and lives with you more than half the year. See IRS publication 503 (PDF) for details.
Fees for in-home child care, licensed day care, preschool facilities, before and after school programs, and elder care can be submitted for reimbursement. Fees for kindergarten are not eligible expenses. If you have specific questions, call 121 Benefits at 612-877-4321 or 1-800-300-1672.
Enrollment and changes
Employees may enroll during the annual open enrollment period. To enroll mid-year or make changes due to a qualifying event, complete the mid-year change form (DOC).
Changes to the flexible spending account can only be made if an IRS-defined qualifying event occurs. If an election change is made, the change only applies as of the date of change. For example, if the account election is $2,000 and on June 1, due to a qualifying event, the election was increased to $2,500 the extra $500 election could only be applied to claims incurred June 1 or later.
For reimbursement, visit 121 Benefits for the dependent care claim form.
Deadline and grace period
To be reimbursed, claims must be incurred during the plan year (January 1 - December 31) or the following grace period (January 1 - March 15). Any unused funds will be forfeited.
All claims must be submitted to 121 Benefits by March 31 of the following year. For example, claims for expenses incurred in 2016 or the grace period must be submitted by March 31, 2017.