Who controls the funds of the FSA?
• Employees choosing any the FSAs have a portion of their FSA contribution withheld from their paycheck each pay period. For Health Care and Limited-Purpose FSAs, IRS rules specify that at any point during the year, regardless of how much has been withheld from their paychecks, employees can access the entire amount designated for the year. On a Dependent Care FSA, the funds have to be contributed before they can be used.
