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What is an FSA (flexible spending account)?

April 26, 2017account flexible FSA Spending

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What is an FSA (flexible spending account)?

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A flexible spending account is am employee benefit that allows you to have pre-tax dollars withheld from your paycheck to pay for un-reimbursed healthcare, dependent care or transportation/parking expenses. You choose how much money you want to contribute to an FSA at the beginning of each plan year.