What Is A Dependent Care Flexible Spending Account? | HealthEquity Benefits Qs

In this video, we break down the basics of Dependent Care Flexible Spending Accounts (DCFSAs). Discover how these tax-advantaged accounts can help you save on childcare and dependent care expenses. Whether you're a parent, caregiver, or simply looking to maximize your tax savings, this guide will help you understand how DCFSAs work and how they can benefit you.
0:24 What is a DCFSA?
0:51 What are eligible expenses?
1:17 How does a DCFSA work?
1:48 Who is covered for use of DCFSA funds?
2:15 When can DCFSA funds be used to cover dependent care?
2:41 Do DCFSA funds expire?
3:13 How do I sign up for a DCFSA?
3:34 What are qualifying life events?
4:13 How much do I contribute to my DCFSA?
5:01 What is a grace period?
5:23 How do I spend my DCFSA funds?
6:26 How do I learn more about my DCFSA?
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