We also offer a Flexible Spending Account to help you manage your health care needs. A Flexible Spending Account also called an FSA, is tax-advantaged account that allows employees to pay for eligible out-of-pocket healthcare and dependent care expenses with pre-tax dollars. Generally, FSAs are exempt from federal, social security and state taxes. You can pay for certain out-of-pocket medical, prescription, dental and vision costs, like deductibles, co-pays, co-insurance throughout the year.
You don’t pay taxes on this money. This means you’ll save an amount equal to the taxes you would have paid on the money you set aside.
Talk to your Benefits Team about all these benefits, and how to apply or change your benefits during open enrollment.
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