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DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT 2017

Crosby

Phone: 800-462-2235
Fax: 617-928-0001
servicecenter@crosbybenefits.com
www.crosbybenefits.com

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A Dependent Care Flexible Spending Account allows you (and your spouse, if applicable) to use pre-tax dollars to pay for the care of one or more qualifying IRS dependents.  You will not pay federal, state or Social Security taxes on your elected amount. This generally means a 20% to 40% savings!

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WHAT IT IS AND HOW IT WORKS

Up to $5,000 of household income can be used tax-free to pay dependent care expenses.

Claims are submitted manually using the reimbursement form found at:

 

ELIGIBLITY

Enrollment

Dartflex (Faculty, Exempt and Non-Exempt) and SEI Union employees. Research Associate B's and Research Fellows are not eligible to participate in the Dependent Care Flexible Spending Account Benefit.

Covered Dependents

Qualifying dependents may be defined as children under the age of 13 and your spouse, or a qualifying child or relative who is physically or mentally incapable of self care.

Eligible Expenses

You may use your Dependent Care FSA dollars to pay for child care services, a nanny, summer day camps, adult day centers for aging parents nursing care for the incapacitated or handicapped dependents, etc.

 

EMPLOYER CONTRIBUTION

Dartmouth does not contribute to this benefit

 

EMPLOYEE CONTRIBUTION

  • This is money that you put aside, each pay period on a pre-tax basis, that you later use to pay for eligible dependent care expenses.
  • You may contribute a maximum of $5,000 per household in 2017.
  • Funds are available as they are deposited.
  • You cannot contribute to a DCFSA while you or a spouse are not working (i.e. leave of absence, hiatus, unemployed, etc.)

 

DEADLINES

  • Runout Period:  All expenses incurred in 2017, must be submitted to Crosby Benefits no later than March 31, 2018.
  • Grace Period:  You have until March 15, 2018, to incur claims to spend down your remaining 2017 balance.
  • Use-it-or-Lose-it:  If all 2017 funds are not submitted by the deadline dates listed above, you will lose the remaining balance in your account.

 

NONDISCRIMINATION TESTING:

Dartmouth is required under the Internal Revenue Code (IRC) to conduct nondiscrimination testing each year. The nondiscrimination testing assures the plans do not favor highly compensated employees. If Dartmouth's plans do not pass the test, the Plan Administrator may reduce or cancel your salary deduction if it is necessary to satisfy provisions of the IRC. Benefits will notify you if it becomes necessary to reduce or cancel your contributions.

 

CONTACT INFORMATION

CROSBY BENEFITS

 


BENEFITS OFFICE

For questions on enrolling in medical insurance or making changes to your medical insurance:

For questions on your membership, coverage, or to request new debit cards, you should contact Crosby Benefits directly

Last Updated: 9/22/17