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    Dependent Care Flexible Spending Account

    The basics.

    The Dependent Care Flexible Spending Account (FSA), administered through Optum Financial, allows you to set aside pre-tax dollars from each paycheck to pay for out-of-pocket dependent daycare expenses (not medical expenses for your dependents—refer to Healthcare FSA). Since you do not pay federal income or Social Security taxes on your Dependent Care FSA contributions, you save money on taxes.

    Features of the Dependent Care FSA.

    Features of the Dependent Care FSA.

    • Seed dollars from JetBlue: There are no seed dollars with a Dependent Care FSA; only you can contribute money to your account.
    • Contribute your own money: You elect to contribute pre-tax income from your paycheck to your account (you save money by not paying any taxes on the amount you contribute to your FSA).
    • Eligible expenses: You can use the money in your Dependent Care FSA on daycare expenses for your eligible dependents—like day care, before and after school care, summer day camp, nursery school and preschool, and elder care for dependent adults—so you can work or attend school full-time.
    • No coverage needed: You can have a Dependent Care FSA even if you don’t enroll in JetBlue Medical.
    • Changes: You can’t change your contribution amount during the year unless you have a Qualified Life Event.
    • Health Savings Account (HSA) limitation: No. Unlike the Healthcare FSA, you may have this account even if you also have an HSA.
    • Ability to earn Healthy Rewards: You can earn Healthy Rewards if you also enroll in JetBlue Medical or are a Pilot who waived JetBlue Medical, but the dollars do not go into your Dependent Care FSA. If you enroll in the Green Option, dollars are deposited into your HRA. If you enroll in the Blue Option, dollars are deposited into your HSA. If you are a Pilot who waived JetBlue Medical, dollars are deposited into a Healthy Rewards Account.
    • Available funds: You must have enough money in your account to cover eligible expenses before you can be reimbursed for them.
    • Optum Financial payment card: This account does not come with a payment card to use for eligible expenses—you must pay out of pocket and submit a claim for reimbursement.
    • Enrollment required: You must actively enroll in the Dependent Care FSA every year during the annual Open Enrollment period—unused funds do not roll over year to year. New Crewmembers can enroll in the Dependent Care FSA within 30 days of joining JetBlue.

    How it works.

    How it works.

    1. You elect your Dependent Care FSA contribution.

    When you enroll in a Dependent Care FSA, you choose the amount you want to contribute to your account for the year. This annual contribution will then be divided into equal amounts that will be deducted pre-tax from each paycheck and deposited into your Dependent Care FSA throughout the year. You can’t change your contribution amount until the next Open Enrollment period unless you have a Qualified Life Event. The amount you contribute to your account must fall within the annual limit.

    2022 annual Dependent Care FSA limits:

    • Minimum of $100
    • Maximum of $5,000 ($2,500 if married and filing taxes separately)

    Your dependent care FSA is used to pay for dependent care services while you are at work or attending school full time. You decide how to spend your Dependent Care FSA dollars on eligible expenses. Eligible expenses include daycare expenses for your children age 13 and under, and for dependents of any age who are mentally or physically disabled. Eligible expenses include:

    • Private nannies, babysitters or companions, including relatives over age 19 whom you do not claim as tax exemptions.
    • Education expenses, such as preschool or nursery school, for children not yet in kindergarten.
    • Day camp or summer camp expenses.
    • In-home caregiver for an adult dependent who lives with you.

    Pay for these expenses yourself and keep your receipts and/or statements as you’ll need them to file a claim for reimbursement. You can find a full list of eligible expenses here or by going to Optum Financial.

    To access your account funds, submit an online claim at www.connectyourcare.com/jetblue or on the Optum Financial mobile app along with an itemized statement that includes the dependent’s age and the daycare provider’s Taxpayer Identification Number. After your claim is processed, you’ll be reimbursed for these expenses with money from your Dependent Care FSA.

    Important: To be reimbursed for eligible expenses, you must have enough money in your account to pay your claim.

    You have until December 31, 2022, to incur expenses in your Dependent Care FSA or you’ll lose any remaining balance. You may not carry forward any unused dollars into 2023. It’s important that you estimate your contribution carefully when you enroll in a Dependent Care FSA so you can avoid losing money. Claims for 2022 expenses can be submitted through March 31, 2023, through Optum Financial.

    Check out these resources to learn more about Dependent Care Flexible Savings Account.

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