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A flexible spending account could save you money on health care.
Health care flexible spending account. But before you sign up for an fsa understand how it works and what it covers. A health care fsa hcfsa is a pre tax benefit account that s used to pay for eligible medical dental and vision care expenses those not covered by your health care plan or elsewhere. Using an fsa can reduce your taxes.
Healthcare flexible spending account a wageworks healthcare flexible spending account fsa is a pre tax benefit account used to pay for eligible medical dental and vision care expenses that aren t covered by your insurance plan or elsewhere. It s a smart simple way to save money while keeping you and your family healthy and protected. The minimum election for all accounts is just 100 and carryover has been adopted for health care and limited expense health care fsas.
This account allows you to set aside money to pay for your day care expenses. If you have a health plan through a job you can use a flexible spending account fsa to pay for copayments deductibles some drugs and some other health care costs. Allowed expenses include insurance copayments and deductibles qualified prescription drugs insulin and medical devices.
The most common type of flexible spending account the medical expense fsa also medical fsa or health fsa is similar to a health savings account hsa or a health reimbursement account hra. With an hcfsa you use pre tax dollars to pay for qualified out of pocket health care expenses. A health care fsa hcfsa is a pre tax benefit account that s used to pay for eligible medical dental and vision care expenses that are not covered by your health care plan or elsewhere.
Fsafeds also offers an account for families with young children or elder care expenses the dependent care fsa.
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