Flexible Spending

A flexible spending account is a great way to set aside a portion of your salary to be reimbursed to you for certain medical/dental/vision expenses which are not covered by any other benefit plan and work-related day care expenses.  The money you set aside in your flexible spending account (FSA) is deducted from your gross pay BEFORE the Federal Income Tax, Social Security, Medicare, State and Local taxes are calculated.  Signing up for this yearly elected benefit plan is like Uncle Sam giving you a pay raise.

Video Presentation

 

TOP