Health Care Flexible Spending Account

A Health Care Flexible Spending Account (FSA) is a pre-tax savings account offered by employers that allows employees to set aside a portion of their earnings for eligible medical expenses. Contributions are made before taxes, reducing taxable income. Funds can be used for expenses such as doctor visits, prescriptions, dental, and vision care. Usually, the money must be used within the plan year, though some plans offer a short rollover or grace period. An FSA helps individuals save money on healthcare costs while providing flexible access to funds for qualified medical needs.