DCFSA definition
Examples of DCFSA in a sentence
If I do not complete and return a new election form at that time, I will be treated as having elected to continue my premium expense benefits then in effect for the new Plan Year but not my HCFSA or DCFSA benefits.
If you are an eligible account as determined by Blue Cross and Blue Shield, at an additional cost, you may choose to have Blue Cross and Blue Shield provide certain services in connection with a health reimbursement arrangement (HRA), medical flexible spending account (HC-FSA), dependent care flexible spending account (DC-FSA), Health Incentive Account (HIA), and/or health savings account (HSA), collectively referred to as Account-Based Offerings.
BENEFIT PER PAYCHECK PRE-TAX DEDUCTION PER PAYCHECK AFTER-TAX DEDUCTION MEDICAL $ DENTAL $ EMPLOYEE LIFE NA $ DEPENDENT LIFE NA $ SHORT TERM DISABILITY NA $ ACCIDENT INSURANCE $ CANCER INSURANCE $ CRITICAL CARE INSURANCE $ HOSPITAL INDEMNITY INSURANCE $ SPECIFIED EVENT INSURANCE $ I acknowledge that I have been given the opportunity to enroll in the premium expense benefit plans, HCFSA and DCFSA.
The Employee will submit an invoice for expenses incurred for childcare through the Dependant Care Flexible Spending Account (DCFSA) administrator.
Temporary employees are not eligible for Medical, dental, vision, prescription drug program, LTD, Basic Life, Accidental Death Dismemberment (AD&D), Business Travel Accident, Supplemental Life, Pension unless subsequently hired as a regular employee, Dependent Care Flexible Spending Account (DCFSA), Health Care Flexible Spending Account (HCFSA).
Especially if highly-compensated employees are participating in the DCFSA, it is strongly recommended that Employer conduct such testing both before the beginning of the plan year as well as periodically during the plan year.
Regular employees may set aside money on a pre-tax basis to pay for certain eligible expenses into a Health Care Flexible Spending Account (HCFSA) and/or a Dependant Care Flexible Spending Account (DCFSA) that are not covered under medical, dental and vision programs up to the maximum provided by regulation or $2,500 per year, whichever is greater.
BENEFIT PER PAYCHECK PRE-TAX DEDUCTION PER PAYCHECK AFTER-TAX DEDUCTION MEDICAL $ NA NA DENTAL $ NA NA EMPLOYEE LIFE NA $ DEPENDENT LIFE NA $ SHORT TERM DISABILITY NA $ ACCIDENT INSURANCE $ CANCER INSURANCE $ CRITICAL CARE INSURANCE $ HOSPITAL INDEMNITY INSURANCE $ SPECIFIED EVENT INSURANCE $ I acknowledge that I have been given the opportunity to enroll in the premium expense benefit plans, HCFSA and DCFSA.
The Employer will continue to allow contributions to the Dependent Care Flexible Spending Account (DCFSA) as allowed by law.
DCFSA is a pre-tax benefit account used to pay for eligible dependent care services, such as preschool, summer day camp, before or after school programs, and child or adult daycare.