A Flexible Spending Account (FSA) allows you to use pre-tax dollars to pay for qualified health or dependent day care expenses.
There are hundreds of eligible expenses for your FSA funds, including prescriptions, doctor office copays, health insurance deductibles and coinsurance for you, your spouse or eligible dependents, and much more.
1. Health FSA
You may contribute up to $2,800 a year to your Health FSA.
2. Dependent Care FSA
You may contribute up to $5,000 a year, or up to $2,500 a year if married and filing separately, to the Dependent Care FSA.
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