Child Care Flexible Spending Account for Our Employees

Our employees can set aside pre-tax dollars to pay for child care expenses for child(ren) age 12 and under, while they are at work through a dependent day care flexible spending account (FSA). We offer this flexible spending account through Rocky Mountain Reserve. 

2024 dependent day care FSA minimum and maximum contributions:

• Minimum of $120 annually
• Maximum of $5,000 annually, per household

Examples of eligible dependent care expenses include:

• Day care and babysitter costs
• Nursery school
• Before- and after-school programs
• Summer day camps

The dependent day care FSA is subject to the same reimbursement rules as the health FSA, including the “use it or lose it” rule. Important tax rules also apply to the dependent day care FSA. You can’t be reimbursed from your FSA for any expense that is also covered by a tax credit on your federal tax return. Unlike the health FSA, your whole pledge amount for the plan year is not available on the day your plan starts. For the dependent day care FSA, you can only be reimbursed for qualified expenses up to the amount you have contributed to your FSA up to that point in time. As your contributions accrue, claims for reimbursement can be processed.