preview

Flexible Spending Account (FSA)

Satisfactory Essays
The Flexible Spending Account (FSA) is valuable to consumers, businesses, and policymakers it helps better assess returns on health care spending. If you have a health plan through employment, it can be beneficial to have a Flexible Spending Account (FSA) for copayments, deductibles, some prescription medication, and some durable medical equipment. Using an FSA can decrease your taxes that you pay. An FSA is an account an employee can put money into to pay for certain out-of-pocket health care costs, but you must use the money in an FSA within the plan year.
Get Access