Flexible Spending Accounts
Employer-sponsored flexible spending accounts (FSAs) let you set aside pretax earnings to pay for eligible health care or dependent care expenses.
If your employer offers an FSA, take advantage of these benefits:
Simple and convenient
When it's time to pay for eligible expenses, such as prescriptions, copayments or day care, you reimburse yourself tax-free from your account.
Keep in mind that unused FSA funds don't carry over from year to year, so you should estimate your expenses carefully.
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*Check your employer’s plan