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Save up to 40% on dependent care with tax-free dollars

Set aside pre-tax savings for dependent care in a Dependent Care Flexible Spending Account

While you are away at work or school, you can ensure that your children under age 13, dependent adult children and elderly relatives who live at home are taken care of. With a Dependent Care Flexible Spending Account (DCFSA), you can reserve pre-tax dollars from your paycheck each month, up to $5,000 per calendar year, for the cost of childcare, adult day care or home care.

Be aware: If you do not use all your FSA funds within the plan year deadlines, the remaining amount will be forfeited.

Eligibility: You must be in a benefits-eligible position, working 50% or greater time to enroll in and use this CU Advantage item. Eligible CU faculty and staff can enroll in, adjust or cancel their benefits during the annual Open Enrollment period or certain qualifying life events. Eligible new hires have 31 days after their hire date to select their benefits package.

Pre-tax savings

CU Employee Services Benefits

303-860-4200, option 3
benefits@cu.edu.

Available to

Testimonials

Eileen Brown, Program Coordinator / CU Boulder

June 2022

I've been using the FSA for several years to help set aside money to cover summer day camps for our two children. It has been incredibly helpful! One thing to note is that you can claim the funds up to approximately two months after the final end of the year date.

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