Benefits we offer – FSA & DCAP
The SEBB FSA & DCAP plans help you save money on your out-of-pocket health and dependent day care costs. You can set aside pre-tax dollars to pay for your qualified expenses and save between 25 and 40% on each dollar that you set aside.
Medical Flexible Spending Arrangement (FSA)
The Medical FSA allows you to set aside pretax money from your salary to pay for out-of-pocket health care expenses. The funds are deducted from your pay before FICA and Federal income taxes are calculated and can result in savings up to 40%. Learn more.
Dependent Care Assistance Plan (DCAP)
The DCAP allows you to redirect a portion of your salary on a pre-tax basis to pay for your qualified day care costs for your dependents (e.g. preschool, babysitting, before/after school care, in-home care for a disabled dependent). The funds are deducted from your pay before FICA and federal income taxes are calculated and can result in savings up to 40%. Learn more.