Employee benefits open enrollment can be confusing for a lot of people. There are a lot of options to choose from that probably seem like they’re in a different language. My past 5 blog posts have dived into various employee benefits including health insurance, disability insurance, group term life insurance, Dependent Care FSA, and other ancillary benefits to help empower you to make a more educated decision when making your selections for the next year. Personal finance is just that – personal.
Dependent Care FSA
Guide to Employee Benefits Open Enrollment 2020: Dependent Care FSA
5 minute read
When I was a little kid, my daycare was my grandma’s house. When I got a little older, before and after school care was at one of my set of grandparents’ houses as well. That’s where my sister and my cousins and I would go after school to get a snack and play until our parents got off of work and were able to pick us up (I don’t seem to remember too much homework getting done there). I’m pretty sure I’ve never spent a day of my life in a day care facility or preschool or before/after school care (besides at grandma’s, of course).
Guide to Employee Benefits Open Enrollment 2019 Part 5: Dependent Care FSA
4 minute read
When I was a little kid, day care was known as grandma’s house. When I got a little older, before and after school care was at one of my sets of grandparents’ houses as well. That’s where my sister and my cousins and I would go after school to get a snack and play until our parents got off of work and were able to pick us up (I don’t seem to remember too much homework getting done there). I’m pretty sure I’ve never spent a day of my life in a day care facility or preschool or before/after school care (besides at grandma’s, of course). Unfortunately, this isn’t an option for most people and preschool, day care, and before school and after school care are all expensive. Really expensive. If you pay for dependent care so that you can go to work and earn an income, then there may be an option offered to you through your employee benefits to lessen the sting of paying for those expenses. Although I wrote about the Dependent Care Flexible Spending Account (FSA) earlier this year, I’m going to freshen it up for this employee benefits series to keep it top of mind.
