Dependent Care FSA
Enhance employee purchasing power for loved ones. Lower taxes for both employers & employees.
What is a Dependent Care FSA?
A Dependent Care Flexible Spending Account (DFSA) is a personal expense account that helps employees experience tax savings on expenses like daycare, elderly care, summer day camp, preschool, and other services while the employee works.
The account allows employees to set aside a portion of their income on pre-tax basis to pay for qualified dependent care expenses.
Employers: Why Offer a DFSA?
Payroll Tax Savings
Employee Satisfaction
Compliance Support
Convenient, flexible platform with with advanced reporting. Create a compliant plan and engagement strategy tailored for your needs.
Help your employees pay various dependent expenses while educating them on how to value and use their benefits year-round.
Reduce payroll taxes and reallocate those dollars to a benefit that improves your employees' lives.
Employees: Why Enroll in a DFSA?
Reduce Taxable Income
Save on Eligible Purchases
Easily Spend & Manage Funds
With the ZyneraHealth virtual wallet and debit Mastercard®, employees can use their account to make eligible purchases online and at locations that accept Mastercard®.
Use pre-tax dollars to save on qualifying expenses such as daycare, after school programs, pre-school, summer camps, elder care and more.
Use the deduction! Every dollar an employee contributes to a DFSA lowers their taxable income.
What Can I Buy with My DFSA?
Modern Flexible Benefits
Contacts
ZyneraHealth is a third-party administrator, not a bank. Banking services are provided by Centennial Bank, Inc., member FDIC and subsidiary of Home BancShares, Inc. Your deposit balances held at Centennial Bank, Inc. are insured by the Federal Deposit Insurance Corporation (FDIC) for up to the legal limit (currently $250,000 for each category of legal ownership). Banking services associated with ZyneraHealth accounts are available only through Centennial Bank, Inc. The ZyneraHealth Debit Mastercard® is issued by DataPath Financial Services, Inc. pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted. Annual Percentage Yield (APY) accurate as of 1/4/2024. Minimum amount to open a ZyneraHealth HSA account is $1,000. An interest rate of 0.050% applies to entire balance. Interest rates may change after account is opened. Fees may reduce earnings.
Brokerage services provided by DataPath Investment Advisors, Inc. member FINRA/SIPC. DataPath Investment Advisors, Inc. is the firm that we use to custody our client investment assets. DataPath Investment Advisors, Inc. and ZyneraHealth are separate and unaffiliated firms, and are not responsible for each other’s services or policies. DataPath Investment Advisors, Inc. does not endorse or recommend any advisor and the use of the DataPath Investment Advisors, Inc. logo does not represent the endorsement or recommendation of any advisor.
