Flexible Spending Accounts
Tax Advantaged Account
Advantages of FSAs for employers include:
- Reduce your annual plan-sponsored medical expenses.
- Give employees a tax-advantaged way to save money.
- Gets employees more involved in their health care decision making, thus making them better health care consumers.
Advantages of FSAs for employees include:
- Deductions are taken before taxes, so you have less tax and more spendable income.
- Can be used to offset ever-rising dependent care expenses.
- May lower your tax bracket.