Important Note for 2027 FSA Dependent Enrollment:

Our benefits plan year is transitioning to a new schedule. To align with our updated renewal cycle starting September 1, 2027, the upcoming plan year will be a short plan year spanning 8 months: January 1, 2027, through August 31, 2027

How this affects your 2027 FSA elections:

1. Due to this short plan year, we will be prorating the maximum FSA plan elections accordingly for an 8-month period:
   1. Dependent Care FSA Maximum Election: $5,000.00
2. Calculate for 8 months, not 12: Estimate your medical, dental, vision, and dependent care expenses for the period between January 1 and August 31, 2027
3. Fewer pay periods: Your total elected amount will be divided evenly across your paychecks between January and August (16 pay dates).
4. Available Funds:
   1. Dependent Care FSA: Your funds will be available as you contribute to your DC FSA through payroll as normal

With a Dependent Care Flexible Spending Account, you can set aside part of your pay on a pre-tax basis to pay for eligible dependent care expenses like childcare, babysitters and adult day care. Eligible dependents must be claimed as an exemption on your tax return.

Highlights

• Eligible dependents must be children under age 13 or an adult dependent incapable of self-care.
• Contributions are not loaded upfront. Funds become available as contributions are made to your account.
• Keep all receipts in case you need to substantiate a claim for tax purposes.
• Balances will be forfeited at the end of the runoff or grace period.