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What is a Flexible Spending Account or FSA?

April 26, 2017account flexible FSA Spending

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What is a Flexible Spending Account or FSA?

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(Back to top) An FSA is a valuable employee benefit that allows you to have pre-tax dollars withheld from your paycheck to pay for un-reimbursed healthcare or dependent care expenses. It covers not just your medical expenses, but also the expenses of your spouse and tax dependents. Depending on your tax bracket, you may save up to 30% or more in taxes.