Expenses that are eligible for reimbursement from an FSA will vary depending on the terms of the employee benefit plan, including the type of FSA that is offered and elected by the plan participant. (Photo: Shutterstock)
Flexible spending accounts provide you with a smart way to save money on health care and dependent care expenses (depending on the type of FSA you're enrolled in). When you participate in an FSA, you're putting money aside before it is taxed so you can save on eligible expenses. There are many advantages of these pre-tax savings account, but they do come with limitations. Here's what your employees need to know as they prepare for the year to come.
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