The FSA: Tax-free Spending So You Pay Less for the Things You Need

Flexible Spending Accounts (FSAs) allow you to contribute a percentage of your paycheck to a special account before taxes are applied to your pay. Then, you use this un-taxed money to reimburse yourself for eligible expenses.\

The Health Care FSA can bridge the gap between what your health plan pays and what you pay by applying your pre-tax contributions to eligible expenses. Your savings equal the amount of money you would have paid in taxes (usually about 30% depending on your tax bracket—it’s like paying $70 when the price tag is $100). You can use your Health Care FSA to pay for health-related expenses that aren’t covered by your medical, dental, vision or prescription plans. For details on your plan options, click here.