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What is a health care flexible spending account (FSA) and how does it work?

April 26, 2017account flexible FSA health care Spending

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What is a health care flexible spending account (FSA) and how does it work?

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A health care flexible spending account (FSA) allows you to set aside pre-tax dollars from your pay to cover eligible health care expenses (medical, dental, vision and hearing) for you and your eligible dependents. Your company may call an FSA by another name, such as a reimbursement account.