Flexible Spending Account
A flexible spending account (FSA) is one of the smartest ways to save on your out-of-pocket healthcare expenses.
Flexible Spending Accounts
A health FSA is a program that gives employees coverage under which certain expenses may be reimbursed, subject to certain maximum amounts and reasonable conditions. Employees can use a health FSA to pay for medical expenses that are not reimbursed through insurance or any other arrangement. Insurance co-pays, deductibles, eyeglasses, and orthodontia are common examples of health FSA expenses.
Did You Know? An FSA Can Help You Save 30% on out-of-pocket healthcare expenses.
As you consider your plan options, it’s vitally important you fully understand the tools, resources, and savings vehicles available to you – as well as how these things help you. A flexible spending account (FSA) is designed to provide a tax-advantaged tool to help you save on out-of-pocket healthcare expenses. But, what does that really mean? And, how does it work? Watch our FSA video to learn more.