Overview & Eligibility
2024 Contribution Limit:
Single – $2,500
Family – $5,000
This is the maximum amount that can be contributed to a DCA each year per the IRS.
The Value for Employees
Employees can use a DCA to pay for qualifying expenses such as daycare, summer day care, elder care, before and after school programs, and pre-school.
Employees will receive an Ameriflex Debit Mastercard® linked to their DCA. They can use their card for eligible purchases everywhere Mastercard® is accepted. Account information can be securely accessed 24/7 online and through the mobile app.
Every dollar an employee contributes to a DCA lowers their taxable income. Let’s say an employee earns $40,000 a year and contributes $4,000 to a DCA. That means only $36,000 of their income gets taxed.
The Value for Employers
Since contributions to DCAs are taken out pre-tax, no payroll taxes are due on the amounts employees contribute to the DCA.
71% of working parents want their employers to offer child care benefits. Helping employees save money on essential services such as daycare and pre-school can aid in employee retention and recruitment.
Healthcare is complicated. The Ameriflex Client Relationship Team is eager to answer questions and provide assistance. Our 85+ Net Promoter Score (NPS) far exceeds the healthcare average.