●

Your DCFSA account allows you pay for dependent care for children under the age 13 who are living with you and you provide more than 50% support, or for your spouse or a relative who is physically or mentally incapable of self-care and lives in your home

●

In 2023, you can contribute up-to $5,000 in pre-tax dollars to your DCFSA account.  This can help you save up-to 30% on dependent care services, in addition to reducing your tax burden.

●

If you and your spouse are both eligible to contribute to a DCFSA through your respective employers, you together you cannot exceed $5,000.  Expenses reimbursed under your DCFSA may not be reimbursed under your spouse's Dependent Care FSA and vice versa.

●

All your contributions, except $500 must be used by December 31^st.  Franklin Pierce elected a “carryover provision” meaning you can carryover up-to $500 of unused funds from your DCFSA which extends your deadline from December 31^st to March 31^st of the following plan year.  It’s important to estimate how much you spend on eligible dependent care expenses each year before you decide how much to contribute. You will forfeit anything in excess of $500 after December 31^st and you will also forfeit any remaining funds you carried over on March 31^st. 

●

You can submit documentation within minutes using the Discovery Benefits mobile app, available on Apple and Android devices. The app is the quickest and easiest method for filing claims and submitting documentation for your FSA purchases because it lets you use your phone’s camera to take pictures of documentation and upload them on the spot.

●

You can also submit your receipts through your Discovery website, fax or by regular mail. To submit your receipts through the website, log in and follow the prompt.  You’ll see in the “Receipt(s) Needed menu under the Home tab.