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Q: What happens if I do not incur child-care costs for the total amount that was withheld per my cafeteria form election benefit election (basically, what if there are funds left over that I don't have reimbursements to submit? What happens to my money?)

A: Child-care funds do not roll over. Therefore, if you have $400 in the child-care account that is not used for costs incurred by December 31st, you will forfeit a portion of the funds. Any remaining balance not used is divided amongst all of the child-care cafeteria plan participants. We then pay that money back to the participants as taxable income in the following year. Therefore, if you have remaining funds in the child-care account, you will likely only get some of the money back, as some of the money will also go to the other participants in the program.

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