Loading Profile...
EMPLOYEE
How does a Flexible Spending Account Work?
A Flexible Spending Account (FSA) works like an expense account. You automatically set aside part of your salary (before taxes) to pay for qualified medical expenses or child or dependent care. You save money because you don’t pay taxes on the money you set aside. And you can use it to pay for day care, medical and prescription drug costs that aren’t covered by insurance, as well as over-the-counter medicines and drugs you buy every day. It’s a great perk from your employer and it’ll save you money.
1
person has this question
I have this question, too!
Tell me when someone answers.
The more people who ask this question, the more it gets noticed.
The more people who ask this question, the more it gets noticed.
The company marked this question as answered.
-
Inappropriate?A Flexible Spending Account (FSA) works like an expense account. You automatically set aside part of your salary (before taxes) to pay for qualified medical expenses or child or dependent care. You save money because you don’t pay taxes on the money you set aside. And you can use it to pay for day care, medical and prescription drug costs that aren’t covered by insurance, as well as over-the-counter medicines and drugs you buy every day. It’s a great perk from your employer and it’ll save you money.
