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Category Archives for DCAP
What is a Section 125 Cafeteria Plan?
Do you have fond memories of your school cafeteria? If not, here’s a joke for you. What’s the worst thing you’ll likely find in a school cafeteria? The food! Now that you’ve
Continue readingFSAs for Healthcare and Dependent Care
Did you know there are three types of employer-sponsored Flexible Spending Accounts (FSAs)? Each has its purpose, but all three allow users to pay no tax on funds set aside for necessary expenses. The
Continue readingTop 5 Reasons You Need a Benefits Debit Card
Does your company sponsor Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) or Transit/Commuter benefit accounts? If they do, they may offer you
Continue readingDependent Care Assistance Plan (DCAP) Frequently Asked Questions
If you pay for the care of a child, parent or other tax dependent so that you can work or attend school, you could benefit from a Dependent Care Flexible Spending Accounts (DCFSA), also known as a Dependent
Continue readingFSA, HRA and HSA Benefits Funds on Debit Cards
In a 2019 survey, GOBankingRates found that more than 37% of Americans preferred using cash to credit and debit cards. Since then, the pandemic has shifted many of those opinions as people became concerned
Continue readingTime For Summer Camp! How You Can Maximize Your DCAP Benefits
When the final bell rings at the end of the school year, parents shift to summer camp mode. Time for sunscreen, bug spray, flip flops, swim trunks, and all of those happy, fun things we associate
Continue readingVIDEO: Captain Contributor Explains Benefits Mobile Apps
Captain Contributor Explains Benefits Mobile Apps Smartphones are probably an everyday part of your life, but did you know you can use them for easy access to your benefits accounts? Whether
Continue readingFAQ: Can I have an FSA and HSA at the same time?
During enrollment season, a lot of employees wonder, “Can I have an FSA and HSA at the same time?” After all, both accounts are popular and people want to maximize their tax savings and lower
Continue readingEnrollment: How Much Should I Put In My FSA? (Or HSA?)
During enrollment season, your company will likely be talking about benefits. If you participate in your employer’s plan, you’re probably wondering, “How much should I put in my
Continue readingVirtual Day Camp: Is this a DCAP Eligible Expense?
Back during enrollment season, many parents signed up to participate in a Dependent Care Assistance Plan (DCAP) through their employer. The intention behind a DCAP is that it allows people to put
Continue readingBenefit Election Change – Can I Update My FSA or DCAP?
By participating in your employer’s benefit plan, you probably have a lot of questions. How can I spend my benefit money? How much do I need to contribute to my account? Can I make a benefit election
Continue readingFSA FAQs: ‘When Can I Sign Up for an FSA?’ and Other Questions
With the average American household spending $5,000 per person in healthcare expenses each year, it’s no surprise that Flexible Spending Accounts (FSAs) are so popular. According to the Bureau
Continue readingVIDEO: Captain Contributor Explains Benefits Debit Cards
Captain Contributor Explains Benefits Debit Cards No matter where you go – doctors’ offices, grocery stores, retail shops, and more – you can use a debit or credit card to pay for
Continue readingBenefits Villain Rap Sheets
NEFARIOUS ACTIONS 1) Says if you're fired from your job, you aren't eligible for COBRA benefits. FALSE! Eligibility is not affected by the reason you left your job
Continue readingVIDEO: Captain Contributor Explains Preparing for Enrollment
Questions About Enrolling in Your Benefits A lot of people don’t fully understand their benefits package, and blindly make important healthcare choices. This year, challenge yourself to do
Continue readingFSA: Use it or Lose it, Carryover, Grace Period and Run Out
Flexible Spending Accounts (FSAs) – if you signed up for one, chances are you’ve heard a few terms that you may or may not be familiar with. FSAs are great tools for helping you save money
Continue readingVIDEO: Captain Contributor Explains How FSAs Work
Understanding How FSAs Work A Flexible Spending Account, or FSA, is a great way to save on taxes and set aside money for health and childcare expenses. The basics of an FSA are pretty simple.
Continue readingTax-Free Talk, Enrollment Season Podcast, Ep. 3
Tax-Free Talk is a special benefits enrollment season podcast featuring host, Kathy Claimant. In this third installment of Tax-Free Talk, an enrollment season podcast, benefits superhero Captain Contributor
Continue readingTax-Free Talk, Enrollment Season Podcast, Ep. 2
Tax-Free Talk is a special benefits enrollment season podcast featuring host, Kathy Claimant. In this second edition of the Tax-Free Talk enrollment season podcast, Kathy Claimant follows benefits superhero
Continue readingTax-Free Talk, Enrollment Season Podcast, Ep. 1
Tax-Free Talk is a special benefits enrollment season podcast featuring host, Kathy Claimant. In this funny, informative and engaging serial, Kathy Claimant hosts benefits superhero Captain Contributor.
Continue readingDCAP Overview
Dependent Care Assistance Plan (DCAP) – A Quick Overview Do you have small children or an adult dependent who lives with you? If you answered yes, a DCAP account (Dependent Care Assistance
Continue readingVIDEO: Captain Contributor Explains Dependent Care Assistance Plans
"Does the cost of paying for childcare while you’re working terrify you? Don’t worry! With a Dependent Care Assistance Plan (DCAP), you can get care for the kiddos and save money on
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