A DCRA account can be used to:
- Reimburse expenses associated with the care of your children or other dependents while you (and your spouse) work or attend school full-time.
- Gain significant tax advantages.
A dependent care reimbursement account can save you money by using pre-tax dollars, but it requires careful planning. Keep in mind that money deducted from your pay and deposited in your Dependent Care Reimbursement Account must be used during the year for the appropriate expenses. Money left in an account does not carry over to the next year, and it is not refundable to you at the end of the year. In other words, if you do not use it, you will lose it!
Note: Some of these services are not offered with all Blue Cross plans. Contact your employer to find out if these are a covered benefits under your health plan.
For more information on DCRAs administered by HealthEquity please visit HealthEquity DCRA.
For more information regarding historical Preferred Blue DCA Accounts, please visit Preferred DCA.