The Dependent Care Flexible Spending Account (DCFSA) allows you to set aside money to pay for eligible dependent care expenses with pre-tax dollars. You can enroll in a Dependent Care FSA even if you're not enrolled in other Baker Hughes benefits.
Note: The Dependent Care FSA is for child care or elder care expenses. It is NOT for health care expenses for your dependents. Use the account to pay for child care or elder care expenses while you and your spouse work or attend school. Examples of eligible expenses include:
Refer to IRS Publication 503 for a complete list of qualified dependent care expenses.
When you have a dependent care expense, you must pay the provider at the time of service. Then you must file a claim for reimbursement by completing and submitting an online FSA Claim Form. You must include your receipt with your claim, clearly marking it as paid, in order to be reimbursed.
The amount you elect to contribute to your FSA during Annual Enrollment will be deducted from your paycheck.