Dependent Care Account Contribution Limits You may contribute up to a maximum of $7,500 per household, per year. Once you have made your annual contribution election, you may only change the amount upon a qualifying status change, such as having a baby or becoming responsible for a dependent adult. Availability of Funds Unlike a Healthcare FSA, a Dependent Care FSA is not pre-funded. This means your total annual election is not immediately available at the beginning of the plan year. Funds are only available as they are contributed. As soon as you have funds in your dependent care FSA, you can use it to pay for eligible dependent care expenses. The Dependent Care FSA has a “use it or lose it” provision. Unused funds in the Dependent Care FSA do not roll over to the next plan year. Be sure to contribute no more than you plan to use during the year. Save for day care, preschool, and summer day camps - tax-free! You can use a Dependent Care Flexible Spending Account to pay for the care of your child(ren) under the age of 13, or to care for qualifying dependent adults, such as disabled spouse or an elderly parent, who can’t care for themselves. Funds can be used to pay for the eligible expenses of any qualifying dependent, even if they are not covered on your health insurance plan. ELIGIBLE EXPENSES  Nursery School  Pre-School  Child Day Care  Before School Programs  After School Programs  Summer Day Camps (Overnight Camps are not eligible)  Adult Day Care 13