Simplify flexible savings accounts for your employees Help your team members save on out-of-pocket qualified medical, dental, and vision expenses, or qualifieddependent care expenseswith intelligent, seamless, and user-friendly flexible spending accounts (FSAs) from WEX. ...
Common questions about Flexible Spending Accounts: What is a Flexible Spending Account (FSA)? 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. ...
Tips for spending your FSA dollars Shop using your FSA dollars New to an FSA? Learn the basics An FSA allows you to set aside pretax funds to cover health and care costs for you and your family. Since you don’t pay taxes on this money, you save on every dollar you put into your...
Flexible Spending Accounts (FSAs) Helping employees maximize their healthcare dollars An FSA is a great tool to help employees set aside money, pre-tax, for healthcare and dependent expenses, while also allowing the employer to avoid payroll taxes (7.65% for Medicare and Social Security) on ...
NVIDIA offers three types ofFlexible Spending Accounts (FSAs)[PDF], which allows you to put aside pre-tax money to pay for eligible expenses for yourself and eligible family members (as defined by the IRS). Keep in mind that FSAs typically follow a “use it or lose it” approach, so do...
Card Swipe Guarantee One-of-a-kind in the industry, the Card Swipe Guarantee is a feature offered to all FSA and HRA customers where we will take on the compliance liability around documentation. Our advanced technology allows us to ensure that participants’ FSA and HRA-eligible card transactio...
Employers also receive a tax benefit by establishing flexible spending accounts. Employers are not required to pay the employer portion of the Social Security tax—which amounts to 7.65 percent of each employee’s taxable income—on employee contributions to FSAs. In effect, payroll taxes are reduc...
Pros and Cons of Flexible Spending Accounts (FSAs) Besides their tax benefits, FSAs offer several advantages for account holders, but they don't cover all manner ofmedical or dental expenses. Here are some of their pros and cons: Pros ...
A flexible spending account lets you use pretax money to pay for health or dependent care expenses.
LASIK can be deducted for tax purposes. In May 2003, the IRS confirmed that laser vision correction indeed qualified as a medical expense for this purpose. Most people, however, end up not reaching the 7.5% threshold. Therefore, they turn to another popular program: Flexible Spending Accounts....