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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.
A flexible spending account (FSA) is a savings account attached to an employer-based health insurance plan. Funds are contributed to an FSA pre-tax — in other words, before your taxes are taken ...
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 ...
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 ...
FSA-eligible categories include OTC medications, select skin care products, pregnancy products and fertility tests, menstrual supplies, pain relieving devices, personal protective equipment, and ...
An HSA and FSA are both tax-advantaged accounts that let you stash your own money away for future health care costs. You can open an HSA or FSA at work if your employer offers them. Employers can ...
This varies depending on the type of plan -- HMO, POS, EPO, or PPO. What you pay: Premium: An HDHP generally has a lower premium compared to other plans. Deductible: The deductible is at least ...
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 ...