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Who's Eligible?
In general, you are eligible to participate if you are:
  • Employed by JPMorgan Chase & Co., or one of its subsidiaries that has adopted the Plan, on a U.S. payroll and you are subject to FICA taxes;
  • Paid hourly, salary, draw, commissions, or production overrides; and
  • Regularly scheduled to work 20 or more hours per week.
Whose Expenses Are Eligible?
There's a difference between being eligible to participate (contribute) and whose expenses are eligible.
  • For the Dependent Care Spending Account, the account must be to pay for care for a dependent child under age 13 or for an adult who is your tax dependent. For non-child dependents, this includes any dependent (including your spouse) who is physically or mentally incapable of self-care and who lives with you for more than six months out of the year, or who otherwise meets the definition of a dependent under the Internal Revenue Code (IRC) definition during the period of coverage.
  • For the Health Care Spending Account, you can use the account to cover your eligible expenses, and it can also be used to cover eligible expenses for your tax dependents.
  • For the Transportation Spending Accounts, only your commuter expenses to and from work at JPMorgan Chase are eligible.