Flexible Spending Accounts

A Flexible Spending Account (FSA) is a pre-tax benefit account offered by some employers that allows employees to allocate a portion of their salary to pay for eligible healthcare expenses, such as medical, dental, and vision costs. Contributions are made automatically via payroll deductions before taxes are applied, which lowers your taxable income. Funds are available to use for qualified expenses throughout the plan year, but they typically must be used within that year or a short grace period. FSAs help manage healthcare costs more efficiently by providing tax advantages and convenient access to funds for necessary medical costs.