What is a flexible spending account?
An arrangement through your employer that lets you pay for many out-of-pocket medical expenses with tax-free dollars. Allowed expenses include insurance copayments and deductibles, qualified prescription drugs, insulin, and medical devices.
You decide how much to put in your FSA, up to a limit set by your employer. You aren’t taxed on this money.
More about this topic
Blog posts
Can’t Afford Obamacare – Help Paying for High Deductible Health Insurance
What to do if Your Employer Health Insurance is Too Expensive
Why Should I Choose an HSA Plan During Workplace Open Enrollment?
