When enrolled in a Dependent Care Flexible Spending Accounts, you will receive new contributions with each new paycheck deduction.
In some cases, you may have an expense that exceeds your currently available balance. Rather than waiting to submit a small portion with each additional contribution, if allowed by your employer, you're able to submit one large expense and be paid automatically in installments.
When submitting an expense, you're able to request reimbursement for up to your total annual election amount. Your expense will be reviewed for eligibility as usual, and if approved, you will be paid automatically in installments once more funds are added to your account.
Can I submit more than one large expense?
Yes. You're able to submit multiple large expenses until you have met your total annual election amount.
Expenses will be paid in the order they are approved.
Can I cancel upcoming installments on an approved expense?
Once the expense is approved, you are not able to halt or cancel upcoming installments. Payouts will continue until the expense has been fully reimbursed.
Can I change my bank account while an expense is still being reimbursed?
Yes, you are welcome to change your chosen bank at any time. Simply update your preferences from the Settings page. This will change the payout destination for all future installments.