Health Care FSA

A Health Care Flexible Spending Account (FSA) is a pre-tax benefit that allows you to set aside a portion of your earnings to pay for qualified medical expenses, like doctor's visits, prescriptions, and dental work. Contributions are deducted automatically from your paycheck before taxes, reducing your taxable income and saving you money. The funds must be used within a plan year, although some plans offer limited rollover options. It’s a useful way to budget for healthcare costs and lower your overall tax burden.