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The Dependent Care FSA and Limited Purpose FSA let you set aside pre-tax dollars from each biweekly pay check to pay for out-of-pocket dependent day care and health care expenses. You contribute to these accounts before taxes, which helps you save even more.

Dependent Care Flexible Spending Account (DCFSA)

The Dependent Care FSA is there to help you save on expenses related to caring for your dependents. Each year, you can contribute up to $5,000 (min. $100) or $2,500 if you are married and filing taxes separately.¹ You can contribute to this account even if you aren’t enrolled in any other Wendy’s benefits.

Eligible expenses include day care expenses for your children and for your mentally or physically disabled dependents of any age so you or your spouse can work, look for work or attend school full-time. You may be reimbursed for:

• Babysitters or companions, including relatives over age 19 whom you do not claim as tax exemptions who care for your dependents,
• Education expenses, such as nursery school, for children not yet in first grade, or
• Day camp expenses for children under age 13.

At the end of the year, any money remaining in your account is forfeited, so it’s important to choose your contributions carefully.

Limited Purpose Flexible Spending Account (LPFSA)

You can contribute to the LPFSA in addition to contributing to your Health Savings Account (HSA). Each year, the amount you can contribute to the account is set by the IRS. In 2024, you can contribute $100–$3,200.

You may only be reimbursed for eligible dental and vision expenses. Medical expenses are not eligible for reimbursement until you meet your annual medical plan deductible. You can use this account to cover expenses like:

• Dental and vision coinsurance, co-pays, deductibles and supplies.
• Orthodontic fees.
• Post-medical plan deductible medical expenses. (You’ll need to submit your medical Evidence of Benefits (EOB) to prove your deductible has been met.)

You might consider enrolling in the LPFSA if:

• You’re expecting significant dental and/or vision expenses.
• You expect to have additional medical and prescription drug expenses after you meet your deductible.
• You want to save the money in your HSA for later.

After you enroll in the LPFSA, you will receive a debit card in the mail from Smart-Choice. You can use the card to pay for qualified expenses directly from your LPFSA.

At the end of the year, any remaining funds over the rollover limit that are left in your account are forfeited, so it’s important to choose your contributions carefully. Rollover limits:

• Rollover from 2024 to 2025: $640

Visit the Smart-Choice website to learn more. To access the site, log in to My.BenefitsNow.com and select “Reimbursement Accounts.”