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.