Hellobee Boards Topic: If you use a dependent care spending account,

Hellobee Boards Topic: If you use a dependent care spending account, https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Thu, 25 Jun 2026 20:20:59 +0000 Dr. Pepper on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2405819 Thu, 31 Dec 2015 11:59:47 +0000 Dr. Pepper 2405819@https://boards.hellobee.com/ I submit one form at the beginning of the year called the "Recurring Dependent Care Request Form". I just fill out how much per week I pay for daycare ($100) and then have my daycare sign the form. Then I am reimbursed $100 each week without filling anything else out. It is all direct deposited into my checking account. gilmoregirl on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404515 Wed, 30 Dec 2015 13:22:54 +0000 gilmoregirl 2404515@https://boards.hellobee.com/ I submit the invoice we receive from daycare about every other month. I do have to fill out the paperwork every time, but then the money is direct deposited into my bank account. It usually takes a few weeks to process. mamabolt on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404256 Wed, 30 Dec 2015 10:46:54 +0000 mamabolt 2404256@https://boards.hellobee.com/ Once my account hits enough to cover a month I submit a claim. Usually every few months or so. kiddosc on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404234 Wed, 30 Dec 2015 10:37:20 +0000 kiddosc 2404234@https://boards.hellobee.com/ We submit probably once a month and then use that money to pay for daycare. Smurfette on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404213 Wed, 30 Dec 2015 10:26:53 +0000 Smurfette 2404213@https://boards.hellobee.com/ We just turn in our monthly invoices (only takes three to reach the year max). Then we get reimbursed weekly. The money goes into a savings account. Adira on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404212 Wed, 30 Dec 2015 10:26:22 +0000 Adira 2404212@https://boards.hellobee.com/ I did it three times this year, but next year I may just do it once so I only have to get my daycare provider's signature the one time. T.H.O.U. on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404183 Wed, 30 Dec 2015 10:11:27 +0000 T.H.O.U. 2404183@https://boards.hellobee.com/ Yes, we have kinda used it as a small savings account. Each spring we are hit with a few larger bills (termite bond, vehicle registration, etc) and then in the winter hit with holiday travel and gifts. So we just kinda use the money as the set aside for those types things. megjay18 on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404173 Wed, 30 Dec 2015 10:07:01 +0000 megjay18 2404173@https://boards.hellobee.com/ i have it taken out of each paycheck and then submit for reimbursement (in the form of direct deposit) at the end of the year. i kind of like getting one big "payment" because it feels like a bonus. we just ask the daycare for a receipt/invoice for the past year's payments and submit it all at once. catlady on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404165 Wed, 30 Dec 2015 10:02:33 +0000 catlady 2404165@https://boards.hellobee.com/ I waited until we hit the max (5k or whatever) and then submitted the daycare receipts. The contribution was coming out of my paycheck monthly so we got a lump sum of everything I'd put in until that point, and then since then, I've been basically getting my contribution back immediately every month. matador84 on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404143 Wed, 30 Dec 2015 09:52:39 +0000 matador84 2404143@https://boards.hellobee.com/ This is my second year doing one and I kick myself for not having one sooner. I withdrawn the money once I have a month or two of tuition payments, which for me is about every six months or $2500. It's kind of a nice bonus to myself, haha. catomd00 on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404142 Wed, 30 Dec 2015 09:52:30 +0000 catomd00 2404142@https://boards.hellobee.com/ My deductions come out per paycheck. Once I hit the max (only was like 6 weeks or daycare) I submitted the form for reimbursement. They reimbursed me every paycheck until it was paid back to me in full. looch on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404141 Wed, 30 Dec 2015 09:51:44 +0000 looch 2404141@https://boards.hellobee.com/ Once a year, at the end of the year for the max amount. kodybear on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404138 Wed, 30 Dec 2015 09:48:39 +0000 kodybear 2404138@https://boards.hellobee.com/ Previously I would do it when I reach one months tuition. With one in daycare it'd take about 3 months. Now with two in daycare if I waited til one months tuition it'd take like 2/3 of the year. So I started doing it every month. Even tho I only get about 15% of the actual tuition cost back, I count it as a monthly income where as before I treated it more like a quarterly bonus. We get a tuition receipt by email every month which seems to be good enough. Alivoo01 on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404123 Wed, 30 Dec 2015 09:34:56 +0000 Alivoo01 2404123@https://boards.hellobee.com/ We do what @ladybee: does. I monitor the account, and once it hits the amount equivalent to one month's fee, we submit a receipt for reimbursement. The reimbursement is directly deposited into our designated checking account. From that point onward, the account is usually covering the previous month's fee so we submit monthly receipts. Truth Bombs on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404115 Wed, 30 Dec 2015 09:29:50 +0000 Truth Bombs 2404115@https://boards.hellobee.com/ We cash flow day care and then use the FSA funds for LO's 529. Because we are investing the money I like to get my hands on it and put it to work rather than letting it sit in the FSA earning nothing all year. So u submit for reimbursement each time the balance gets over $1k. It's direct deposited into my account and takes 3-5 days after I submit the paperwork. LuLu Mom on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404114 Wed, 30 Dec 2015 09:29:42 +0000 LuLu Mom 2404114@https://boards.hellobee.com/ I just have to submit a form signed by daycare by Monday morning to have it on Friday's check (I get paid every Friday.) We usually let it build up a bit and then get it every few months or if something comes up we will use it as an emergency fund. (we did this when DH's heater went out in his car, it was $400 so we just made a claim and it covered it.) Next year we are hoping to not use it and in May after the rain/mud/snow is away get new carpet and use the money in there as a majority of it. peaches1038 on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404109 Wed, 30 Dec 2015 09:27:11 +0000 peaches1038 2404109@https://boards.hellobee.com/ @Mrs. Pen: oh thanks!!! That is much easier! Mrs. Pen on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404105 Wed, 30 Dec 2015 09:24:48 +0000 Mrs. Pen 2404105@https://boards.hellobee.com/ @peaches1038: you don't have to do the paperwork everytime. We just do a snapshot of the check in our bank account- it has our providers name on it, then we just need to enter her tax ID number, which she gave us. Or if your school/daycare provided receipts, those can be submitted as well. It is so much easier than doing paperwork everytime!' regberadaisy on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404100 Wed, 30 Dec 2015 09:23:33 +0000 regberadaisy 2404100@https://boards.hellobee.com/ I usually do it as I remember. In the past it was online and direct deposit into my bank account . My current employer doesn't offer a dependent care FSA. :( Mrs. Pen on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404098 Wed, 30 Dec 2015 09:22:08 +0000 Mrs. Pen 2404098@https://boards.hellobee.com/ I submit for reimbursement ever 3-4 weeks. I like to have that money on hand to turn around and pay for daycare with it. We get the reimbursement within a few business days (direct deposit). I will do it one of two ways: either his daycare teacher sends us invoices and I can submit those, or if I paid with a check I can take a screenshot of it once it's been deposited and submit that image. ladybee on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404083 Wed, 30 Dec 2015 09:14:09 +0000 ladybee 2404083@https://boards.hellobee.com/ Also I take photos of our recipes from daycare and turn them in on an app. Then we get the money direct deposited into our account. MamaG on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404080 Wed, 30 Dec 2015 09:13:31 +0000 MamaG 2404080@https://boards.hellobee.com/ I get mine as a direct deposit ACH. I don't have a rhyme or reason as to when I "apply" for the funds. This past year I did it in mid-February because we were most of the way through our $5K in expenses already. I didn't get the money all at the time, but rather automatically with each paycheck as it was withheld. I just realized that I stopped receiving reimbursements, so I've now submitted for the remaining portion. ladybee on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404079 Wed, 30 Dec 2015 09:13:19 +0000 ladybee 2404079@https://boards.hellobee.com/ We watch the account and once it'll cover a month we turn it in because we typically need the money. It takes a couple months since it only gets $192 a pay but overall we like it. My best friend with two kids waits until they hit the full $5,000 and turns it in at once. yoursilverlining on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404078 Wed, 30 Dec 2015 09:13:18 +0000 yoursilverlining 2404078@https://boards.hellobee.com/ I submit for reimbursement once per year (at the end of the year). I do it all online, and they wire it to my checking account in 2-3 days. Very easy! blackbird on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404077 Wed, 30 Dec 2015 09:13:10 +0000 blackbird 2404077@https://boards.hellobee.com/ I will fax it my first week back at work next week. Comes pretty quick I think? I set it up for auto deposit online peaches1038 on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404072 Wed, 30 Dec 2015 09:10:32 +0000 peaches1038 2404072@https://boards.hellobee.com/ We are just starting this year but I think we are going submit for reimbursement every 3 months. The paperwork looks annoying and I don't want to fill it out all the time. Ours comes as a check T.H.O.U. on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404071 Wed, 30 Dec 2015 09:10:26 +0000 T.H.O.U. 2404071@https://boards.hellobee.com/ I submitted for reimbursement 2 times so far this year (once in the spring and once before the holidays). But since its per paycheck that its set aside in the account, I can't apply for the final amount until the end of December. So I will break it up into 3 disbursements. Ours are just included as a direct deposit (same as our paycheck) back to us. mrsjyw on "If you use a dependent care spending account," https://boards.hellobee.com/topic/if-you-use-a-dependent-spending-account#post-2404068 Wed, 30 Dec 2015 09:08:33 +0000 mrsjyw 2404068@https://boards.hellobee.com/ when do you submit for reimbursement? My dependent care account that we'll use for DS1's preschool this year is a funded-per-paycheck account so they don't provide a spending card up front, but I'll have to submit paperwork online/fax/email for reimbursement. If any of you use the same, do you do it as you go? Or do you just wait until your max point of contribution and get one lump reimbursement? And in what form do they send your reimbursement payment? Thanks in advance!