Expenses that are eligible for reimbursement from an FSA will vary depending on the terms of the employee benefit plan, including the type of FSA that is offered and elected by the plan participant. (Photo: Shutterstock)
Flexible spending accounts provide you with a smart way to save money on health care and dependent care expenses (depending on the type of FSA you're enrolled in). When you participate in an FSA, you're putting money aside before it is taxed so you can save on eligible expenses. There are many advantages of these pre-tax savings account, but they do come with limitations. Here's what your employees need to know as they prepare for the year to come.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
