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Check your Summary Plan Description for the Benefit(s) available in your plan.
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Adult and Eldercare expenses that DO qualify for reimbursement |
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Only expenses necessary for you and your spouse (if married) to be gainfully employed can be claimed. |
- Housekeeper and nurse's fees, for services provided inside your home, are eligible to the extent they are attributable to elder care expenses and expenses of incidental household services.
- Elder care expenses incurred for services outside your home, providing they are incurred for the care of a dependent that regularly spends at least 8 hours per day in your home.
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Adult and Eldercare expenses that DO NOT qualify for reimbursement |
- Overnight stays at medical or recreational facilities.
- Food, transportation, and incidental expenses (diapers, activities, etc.) are not eligible if charged separately from dependent care expenses.
- Expenses paid to a housekeeper, maid, cook, etc., are not eligible, except where incidental to adult dependent care.
- Mass transit and parking.
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Limitation on Qualified Expense |
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Adult and Eldercare reimbursement may not exceed the smaller of the following limits: |
The maximum allowed under the plan. $5,000 (if you are married and filing a joint tax return or are single, head of household) and $2,500 if you are married and separate returns are filed. Your taxable compensation (after all compensation reduction elections). If you are married, your spouse's actual or deemed earned income. If you are married, your spouse's actual or deemed earned income.
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The take care® Visa® flex benefits card is issued by M&I Bank FSB pursuant to a license from Visa U.S.A. Inc.
TAKE CARE plans are not administered by M&I Bank FSB. |
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