Flexible Spending Accounts (FSA) What is a Flexible Spending Account (FSA)?
Flexible Spending Accounts allow employees to set aside tax-free dollars for medical or dependent care expenses. FSA accounts allow employees to make payroll contributions tax free to either a Medical FSA (used for employee and dependent non-covered medical expense, ie., co-pays) or to Dependent Care accounts (dependent care expenses are child and adult day care expenses for a covered dependent).
Related Questions
- Im on the HDHP and participate in the Health Savings Account (HSA). Can I also participate in the Health Care Flexible Spending Account (FSA) through WageWorks?
- Can I participate in other tax-saving accounts, like the Health Care Flexible Spending Account (FSA)?
- Flexible Spending Accounts (FSA) What is a Flexible Spending Account (FSA)?
