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  2. 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.

  3. Flexible spending account - Wikipedia

    en.wikipedia.org/wiki/Flexible_spending_account

    The FSA cannot be used for long-term care for individuals who live in an outside facility, such as in a nursing home. [citation needed] Federal law limits the dependent care FSA to $5,000 per year, per household. Married spouses can each elect an FSA, but their total combined election cannot exceed $5,000 per year.

  4. HSA vs. FSA: What's the Difference - Healthline

    www.healthline.com/health/hsa-vs-fsa

    Your employer offers a dependent care FSA: A dependent care FSA allows you to use FSA funds for day care, preschool, home healthcare, and more to help you cover the cost of caring for children ...

  5. HSA vs FSA: Which Health Care Account is Best for You? - AOL

    www.aol.com/finance/hsa-vs-fsa-health-care...

    A dependent care FSA is a separate account you can sign up for at work, if your employer offers it. These accounts are used to pay for eligible dependent care services, including preschool, summer ...

  6. 63 FSA-Eligible Items to Buy Before Your Funds Expire

    www.healthline.com/health/fsa-eligible-items

    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 ...

  7. What You Need to Know Before Getting a Dependent Care FSA Account

    www.aol.com/know-getting-dependent-care-fsa...

    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 ...

  8. HSA and FSA: Tax-Free Money for Health Care - WebMD

    www.webmd.com/health-insurance/hsa-fsa

    Even if your employer contributes to your HSA account, you may contribute extra funds on a tax-free basis, but there is a limit to how much can be contributed. In 2022, total contributions ...

  9. FSA and HRA Insurance Plans Through Your Work - WebMD

    www.webmd.com/health-insurance/employer-health...

    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 ...

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