Benefits Plans - Flexible Spending Accounts: Dependent Care
A Dependent Care Flexible Spending Account (FSA) allows you to set aside pre-tax money from your paychecks to pay for daycare expenses for your eligible dependents incurred so you can work, or if you are married, so you and your spouse can work, or your spouse can attend school full-time.
Eligible dependents are your children under age 13 and any other person who is a qualified IRS dependent, regardless of age, who is mentally or physically incapable of caring for himself or herself.
- Your Contribution Limits
- Eligible Expenses
- Savings Calculator
- Dependent Care Expenses Worksheet
- Filing Claims for Flexible Spending
- Kids Kare at Home
The University of Michigan in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents. Although the university has elected to provide these benefits this year, no individual has a vested right to any of the benefits provided. Nothing in these materials gives any individual the right to continued benefits beyond the time the university modifies, amends, or terminates the benefit. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the benefits programs and the university's right to modify, amend or terminate them.