Paired Plans: Not tied to a medical plan
Open a dependent care FSA to use tax-free dollars to pay for dependent care expenses. If you’re married, it frees your spouse to work, look for work or go to school full time.
Contribution limit: Contribute from $100 to $5,000 for 2020 if you’re married or a single parent – or – contribute from $100 to $2,500 each if you’re married and filing separately
Use-it-or-lose it: Unused funds do not roll over into the next calendar year
How you contribute: Choose an amount during enrollment and it will be credited to your account each pay period starting Jan. 1, 2020. Use funds as they are available to reimburse your expenses.