Flexible Spending Accounts
A Flexible Spending Account (FSA) is an employee benefit plan regulated by the IRS that allows you to set aside money on a pre-tax basis to pay for unreimbursed health or dependent care expenses. A Flexible Spending Account also reduces your taxable income because the money comes out before taxes are calculated. Additionally, FSAs help you budget and pay for predictable expenses.
A list of sample FSA Eligible Expenses is provided for your convenience.