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A flexible spending account (FSA) is an employer-sponsored savings account that lets you contribute pre-tax funds. You may use this money for approved medical and dependent care expenses.
The most common type of flexible spending account, the medical expense FSA (also medical FSA or health FSA), is similar to a health savings account (HSA) or a health reimbursement account (HRA). However, while HSAs and HRAs are almost exclusively used as components of a consumer-driven health care plan, medical FSAs are commonly offered with ...
For a quick look at the difference between HSAs and FSAs, check out the chart below. HSA. FSA. tied to a high deductible health plan. tied to an employer health plan. money carries from year to ...
A dependent care flexible spending arrangement (DCFSA) lets you pay for child care and other dependent expenses with pretax dollars. This can reduce the income taxes you owe. Only someone whose ...
Your FSA funds can help reduce the spread of infection and keep you safe from bacteria and germs. FSA-eligible items include masks, disinfections, hand sanitizer, and more. Tazza Extreme Hand ...
A Dependent Care Flexible Spending Account. You can use this type of savings account for a child's day care or for adult day care, such as for your spouse, parent, or grandparent.. Requirements ...
Dependent Care FSA (DCFSA) The DCFSA is a pretax benefit account employees can use to pay for eligible dependent care services. This can include both children or an adult such as a spouse who is ...
Flexible Spending Accounts. You and your spouse or partner might want to enroll in a flexible spending account (FSA). An FSA allows you to set aside money out of your paycheck before taxes so you ...
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