Aside from Health Care FSAs, there is also a Dependent Care Flexible Spending Account (DCFSA). The Dependent Care FSA, or DCAP or DCA, allows employees to set aside tax-free money toward dependent care costs. These costs could be toward daycare, care for elderly or disabled dependents, or toward before and after school care. In order to qualify for a Dependent Care FSA, you must be employed, searching for work, or attending school full-time. You can contribute $5,000 per household or $2,500 if married, filing separately, for a Dependent Care FSA. Dependents include children up to age 13 or your spouse or qualifying child or relative who is incapable of self-care (mentally or physically).
A Limited FSA is a type of FSA that only covers certain expenses that typically include vision, dental, or OTC dental and vision products. The employer limits the available expenses. A Limited FSA is often designed to be compatible with a Health Savings Account.