Dependent care reimbursement account

{
  "id": "MLC-T-ECS-000498",
  "term": "Dependent care reimbursement account",
  "field": "Economic statistics",
  "definition": "Account whereby an employee allocates a declared pretax amount from his or her pay, up to a set limit, for out-of-pocket qualified dependent care expenses.\n\nNote: Dependent care reimbursement accounts can be part of a flexible benefit plan or may stand alone. Expenses include childcare, elder care, or services to a disabled dependent. Any money not used by the end of the plan year is forfeited.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/dependent-care-reimbursement-account/"
}