As a parent or family caregiver, you know the expense of daytime care providers. If you have children under age 13 in daycare, or a disabled family member in need of care, you can set aside money on a pre-tax basis to help cover the associated cost, up to $7,500 per household. 

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This account is separate from a Healthcare Flexible Spending Account, which covers medical, dental and vision copays and coinsurance for you and elected dependents. If you do not have daycare expenses for a child or family member, this is not the plan for you. 

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​FSA Run Out Period

Participants have 90 days following the end of the plan year to submit claims for eligible expenses incurred during that plan year. The run-out period does not extend the deadline to incur expenses; it only provides additional time to submit claims.

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Claims must be received by Fidelity before the end of the 90-day period. Any remaining unused funds after that time will be forfeited in accordance with IRS “use-it-or-lose-it” rules, unless otherwise provided under the Plan.

 

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