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A Flexible Spending Account (FSA) is an optional benefit plan offered by many U.S. employers that allows you to set aside part of your pre-tax earnings to pay for qualifying healthcare expenses. You might already be saving on eligible expenses like prescriptions, eyewear and other over-the-...
A flexible spending account (FSA) is a form of savings account that offers special tax benefits to the account holder.
Flexible spending accounts are special savings accounts sponsored by your employer. With this benefit, you can direct pretax money from each paycheck into your account to use for a variety of eligible expenses. Depending on the type of FSA you open, you can use your funds for: ...
Since 1993, Advanced Benefit Strategies has been the industry leader in Flexible Spending Account administration and Section 125, FSA Cafeteria Plans.
Limited purpose flexible spending account Watch this video to learn more about the benefits of pairing a limited purpose FSA with an HSA. Watch videoRelax — you're saving with every card swipe How do savings stack up when you use your FSA card? Let's look. For a $100 pair of eyeglass...
If your plan provides a debit card, that’s the easiest way to access your FSA funds. Some plans require that you submit a claim to receive reimbursement from your FSA account. Check with your plan administrator for details on your FSA account. ...
Contact a Benefits Consultant The Benefit that Pays for Itself Enhance your benefits package without breaking the budget Everyone knows that employees save big with a Flexible Spending Account, but did you know that employers save as well? Employee contributions to the FSA are not subject to any ...
Another type of FSA is adependent-care flexible spending account, which is used to pay for child-care expenses for children age 12 and under and also can be used to pay for the care of qualifying adults, including a spouse, who can't care for themselves and meet specific Internal Revenue...