A health flexible spending account (HFSA) lets employees set aside pre-tax money from their paycheck during the year, and they can use this money to pay for eligible healthcare expenses for themselves, their spouse, or their dependents. The funds in these accounts are...
FSA
Healthcare FSA reminder: Employees can contribute up to $3,300 in 2025; must elect every year
WASHINGTON — The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. An employee who chooses to...
What is the difference between HSA’s and FSA’s?
HSA’s and FSA’s are both pre-taxed health spending accounts where the employee contributes monthly to help pay for medical care expenses, copays, and vision care. The most significant difference between flexible spending accounts (FSA) and health savings accounts...