Flores
Flexible Spending Accounts (FSAs) are reimbursement accounts that allow you to pay for certain eligible expenses with tax-free dollars. Through pre-tax salary reduction and reimbursement, you convert taxable income into non-taxable benefits. The result is reduced tax withholdings and more take-home pay - and who doesn't want that, right? When you participate in an FSA, you give yourself access to tax savings of approximately 30 percent for all dollars run through the plan.
We offer two types of FSAs:
- Medical/Dental/Vision FSA - can be used to pay for eligible unreimbursed medical expenses (not covered or paid by any insurance)
- Dependent Care FSA - can be used to pay for dependent care expenses (daycare, childcare)
