Flexible Spending Accounts, commonly known as FSAs allows employees to be reimbursed for qualified medical expenses (see IRS Publication 502) with tax-free dollars. FSAs are usually funded through voluntary salary reduction or the employer may contribute as an additional employee benefit.
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Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. PeopleKeep, Inc. does not sell health insurance.