United Benefit Advisors Insight and Analysis Blog

DOL Issues Compliance Guidance for Employee Benefit Plans Impacted by Hurricane Harvey

Posted by: Danielle Capilla    Sep 12, 2017 9:30:00 AM

The DOL issued guidance for employee benefit plans, plan sponsors, and employers located in a county identified for individual assistance by the Federal Emergency Management Agency (FEMA) due to Hurricane Harvey.

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Topics: employee benefit plans, Hurricane Harvey

What You Need to Know about Dependent Care Flexible Spending Accounts

Posted by: Danielle Capilla    Sep 7, 2017 9:30:00 AM

A dependent care flexible spending account (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services. The IRS determines which expenses are eligible for reimbursement and these expenses are defined by Internal Revenue Code §129 and the employer's plan. Eligible DCFSA expenses include: adult day care center, before/after school programs, child care, nanny, preschool, and summer day camp. Day nursing care, nursing home care, tuition for kindergarten and above, food expenses, and overnight camp are ineligible expenses.

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Topics: voluntary benefits, dependent care flexible spending account, dependent care, employee benefit plans