When UCPath goes live this fall, students who are hired at 43.75 percent time or more for at least 3 months will be eligible to opt for a Dependent Care Flexible Spending Account (DepCare FSA).
If you’re not familiar with it, the DepCare FSA is used to pay for eligible caregiving expenses for your children up to age 13 or an eligible adult dependent. You set aside money for your DepCare FSA from your paycheck on a pre-tex basis and use those funds to pay for eligible DepCare expenses. Here are some details on how the plan works.