If you could save up to 30% on everyday expenses, would you? What if you could have that money provided to you in advance and pay it back over the course of the year?
A Flexible Spending Account is a special account you use to pay for certain out-of-pocket health care costs with pre-tax dollars. Many people do not even realize that they could be paying less for dependent care, glasses, the dentist and even everyday items like sunblock and band aides.
A Medical FSA covers general-purpose health expenses, a Limited Medical FSA that covers qualifying dental, vision and preventive care expenses and can also be paired with a High-Deductible Health Plan (HDHP) and a Health Savings Account (HSA), and a Dependent Care FSA that lets participants save money on childcare and after school programs.