FSA

Flexible Spending Accounts (FSAs) are a valuable benefit that help employees manage healthcare and dependent care costs with pre-tax dollars. Through an FSA, employees can set aside funds to cover eligible medical expenses, including medications, hospital stays, doctor visits, and dental and vision services. This account allows employees to reduce their taxable income while gaining support for routine and unexpected healthcare needs. Additionally, under a Dependent Care FSA (DCA), employees can even use pre-tax dollars to cover child care expenses while they’re at work, making it easier to balance work and family responsibilities. FSAs are an effective way to support financial well-being by helping employees better manage out-of-pocket expenses.