Did you know you can get reimbursed for your BFC membership and the BFC nanny placement fees under your FSA (Sometimes called a Dependent Care Assistance Plan (DCAP))?
Ask your employer if they offer FSA. If they do, ask for the form to fill in. Email the completed form to BFC and we will sign, attach a letter and invoice with the amount. Then you will need to submit the completed paperwork back to your employer. That’s it!
What is a FSA?
Some U.S. employers offer their employees a flexible spending account (FSA) or sometimes known as a Dependent Care Assistance Plan (DCAP). This is an employer-sponsored plan that allows you to set aside a portion of your income on a pre-tax basis and then use that money to pay for eligible, employment-related dependent care expenses incurred for a qualifying individual.
What is the advantage of participating in a dependent care FSA?
Your contributions to these accounts are tax-free, saving you money on federal, state income taxes and Social Security taxes. These FSAs can help you save money on healthcare and dependent care expenses such as childcare.
*Ask your employer how much they will reimburse towards your FSA before you begin. Ask if there is a use it or lose it policy. Many FSA expire by the end of the year, even more reason to use those funds now towards childcare! BFC does not guarantee reimbursements, all reimbursements are determined by an employer.
Looking to hire a babysitter or nanny? Bell Family Company provides fully vetted & FULLY VACCINATED on-demand babysitting, including full and part time nannies, baby nurses, temporary care, help with virtual learning, and more! Learn why BFC is the best childcare agency, with childcare providers available across the U.S. (on-demand service available in the tri-state area). Contact us today to hire!