Author Topic: Starting a Dependent Care FSA to use for daycare expenses?  (Read 683 times)

webguy

  • Bristles
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  • Age: 33
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Starting a Dependent Care FSA to use for daycare expenses?
« on: February 10, 2017, 11:54:27 AM »
Our little one just started in part time daycare and it sounds like an FSA could help save us money in paying for them. Some information:

- I run my own company and my wife is also employed by the company
- I already have an HSA that I max out every year. My wife does not have one as her health plan doesn't allow it.
- Day care costs are about $3,800/year (it's only part time)
- We're in the top tax bracket

Questions:
1) Are we allowed to have a Dependent Care FSA if I already have an HSA?
2) Do I have to start one as part of my company or can I just get an independent one somewhere from a bank or something?
3) Does anyone have a recommendation on how/where to start one?

Thanks in advance!!

wtrfre

  • 5 O'Clock Shadow
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Re: Starting a Dependent Care FSA to use for daycare expenses?
« Reply #1 on: February 11, 2017, 07:24:37 PM »
Yes, you can have a dependent care FSA in addition to an HSA. Sorry, that is the only part I can answer.