Iowa State University FSA & DCAP Website

 
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  • Dependent Care Overview
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FSA & DCAP

The FSA & DCAP help you save money on medical and dependent care (typically child care) expenses that you are already incurring. Use these accounts to leverage your household's savings. Most people save at least 25% on each dollar that is set aside in these programs.

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Want to learn more about the FSA programs?

Flexible Spending Accounts allow you to use pre-tax dollars to pay for out-of-pocket medical and/or child care expenses. You can avoid paying federal and state income taxes, as well as FICA taxes on each dollar that you set aside.

Use the links below to learn more about each program.
 

Quick Links

 

Health Care FSA Overview

FSA Overview

The Health Care FSA allows you to use pre-tax dollars to pay for your out-of-pocket medical exenses for you, your spouse, and any dependents.

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DCAP Overview

DCAP Overview

The DCAP allows you to save money on child and/or elder care expenses you incur while at work for any of your dependents.

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