Flexible Spending Account

A Flexible Spending Account (FSA) is an employer owned account that lets you set aside pre-tax dollars (which lowers your taxable income) to pay for eligible out-of-pocket expenses. Open enrollment for this benefit is in November.

Your employer offers two types of FSAs:

1. Healthcare FSA – Can be used to pay eligible medical, dental, orthodontia, and vision expenses
2. Dependent Care – Can be used to pay eligible expenses for childcare, eldercare, or care for a disabled dependent