Addressing America's Retirement Savings Crisis

Flexible Spending Accounts and How They May Be Used

A Flexible Spending Account (FSA) is an account that reimburses an employee for qualified health care or dependent care expenses. These qualified expenses are funded with pre-taxed dollars deducted from an employee’s paycheck. “Use-it-or-lose-it” Rule It is required by the Internal Revenue Service (IRS) that an FSA must follow a …