Why enroll in a Dependent Care Account?
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A Dependent Care Account (DCA) allows you to use tax-free dollars to pay for child day care or elder care expenses that you incur because you and your spouse are both gainfully employed. Click here to learn more about DCAs, how they work, and what expenses are eligible.
You can use the Dependent Care Account for expenses incurred for:
Please check with either your employer or ProService Hawaii if you are eligible for this benefit.
Per IRS tax rules, the following are not eligible to participate:
The expenses which are eligible for reimbursement must have been incurred during the plan year and in connection with you and your spouse to remain gainfully employed:
Examples of ineligible expenses:
You can submit claims to National Benefit Services (NBS) in the following ways:
The Dependent Care account can only be used as it is funded and is not eligible for rollover. Any balance left in the Dependent Care account after the plan year run out period will be forfeited.
Changes can only be made within 30 days of a qualifying event and will take effect on the first of the following month. The IRS determines what is considered a qualifying event or qualified change of status. Some examples of qualified changes are birth of child, death, divorce, or marriage.
Your participation and salary deduction ends. You will no longer be able to incur expenses for reimbursement as of your termination date. You have 90 days from the date of termination to submit claims for expenses incurred prior to the termination date. Any balance left in the account after 90 days will be considered forfeit. You may choose to continue this coverage under COBRA.