Articles for: Flexible Spending Account
What expenses can be paid from a Flexible Spending Account?
The expenses that can be paid from a Flexible Spending Account (FSA) can fall into two categories: health care and dependent care. Expenses paid from an FSA cannot be reimbursed [...]
Key words: Flexible Spending Account
How do Flexible Spending Accounts help your employees save money?
A Flexible Spending Account (FSA) is similar to a 401(k) because it lets employees set aside money before taxes. But, unlike a 401(k) plan, as long as the money is [...]
Key words: Flexible Spending Account,FSA
What expenses can be paid from a Health Care Flexible Spending Account?
The expenses that can be paid from a Health Care Flexible Spending Account (HCFSA) should cover unreimbursed medical care costs for an employee, spouse and dependents. While not an exhaustive [...]
Key words: Flexible Spending Account,HCFSA
What expenses can be paid from a Dependent Care Flexible Spending Account?
The expenses covered under a Dependent Care Flexible Spending Account (DCFSA)must be employment related and allow an employee to work. Expenses typically can include: expenses for babysitters and licensed daycare [...]
Key words: DCFSA,Flexible Spending Account
Who can participate in a Flexible Spending Account (FSA)?
Participation in an FSA depends on the type of FSA. In order to qualify as a Health Flexible Spending Account (Health FSA), only common law employees, along with their spouse [...]
Key words: Flexible Spending Account,FSA