Category: FSA

11.30 Flexible Spending Account

Why should I choose a Flexible Spending Account (FSA)? A flexible spending account lets you save money by setting aside pre-tax dollars for eligible medical, dental, vision, and dependent care expenses incurred by you, your spouse or your eligible dependents. Take home more money Putting money into an FSA decreases your taxable income, which means […]

11.29 Save with your HSA or FSA on back-to-school expenses

Are you preparing to send your kids back to school soon? You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including: Thermometers. Thermometers. You can use your HSA or FSA to purchase a thermometer, which […]

11.15 What is a dependent care FSA?

A dependent care flexible spending account lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping you save 30 percent or more on your dependent care costs. It’s a smart way to save money on expenses […]