I have this benefit through my job and I've always been deeply confused by it, so I really appreciated the writeup. What do I have to do to get the $5k indexed to inflation?
Whoa! I had no idea a dependent care FSA couldn't be used for the reasons you listed. Spot on that eligibility should be expanded. Digging in on the eligibility website, I was surprised at the way they phrased daycamp and preschool cost eligibility though? It looks like it could be used even if a parent doesn't work?
I have this benefit through my job and I've always been deeply confused by it, so I really appreciated the writeup. What do I have to do to get the $5k indexed to inflation?
Whoa! I had no idea a dependent care FSA couldn't be used for the reasons you listed. Spot on that eligibility should be expanded. Digging in on the eligibility website, I was surprised at the way they phrased daycamp and preschool cost eligibility though? It looks like it could be used even if a parent doesn't work?