What is FSA- Flexible Spending Account?


https://youtu.be/K-Nezq_rb7M




An FSA plan is a type of benefit plan under Section 125 of the IRS code that allows you to set aside money on a pre-tax basis to pay for certain medical and/or dependent care expenses that you and your eligible dependents incur.

The FSA plan allows you to pay for the balance(s) with pre-tax dollars.
There are two types of FSAs
• Health Care FSA
- This FSA is for health care expenses not paid by insurance, including co-payments, exams, deductibles, vision care and dental expenses.
• Dependent Care FSA
- This FSA is for dependent care expenses you incur to care for your eligible dependents, including daycare, afterschool care or elder care.

for more information on FSA, check out our YouTube video

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