Flexible Spending Accounts

Flexible Spending Accounts – FSA

A Flexible Spending Account (FSA) allows you to set aside dollars from your paycheck – before you pay taxes. By setting aside money from your paycheck before taxes are calculated, you lower your taxable wages. You then use these tax-free dollars to pay for eligible expenses, saving you up to 40 percent of your family’s out-of-pocket health care and dependent care expenses.

Reimbursable expenses can include:

• Co-Pays, deductibles and prescription drugs
• Expenses not covered by insurance
• Dental services and orthodontics
• Eyeglasses, contacts, solutions and eye surgery
• Child care & dependent care expenses
• Over the Counter Drugs