Flexible Spending Accounts

Flexible Spending Accounts

Flexible Spending Account (FSA) allows you to set aside pre-tax money from your pay into a Health Care, Dependent Care or Limited Purpose Account, you may later repay yourself for eligible expenses incurred in plan year that are not covered by insurance.  Because your contributions are deducted from your bi-weekly pay before federal income, state income, and Social Security taxes have been withheld on these deductions, you save on taxes.

All flexible spending accounts are administered by the 125 Company.