Flexible Spending Account
A Flexible Spending Account (FSA) is an employer owned account that lets you set aside pre-tax dollars (which lowers your taxable income) to pay for eligible out-of-pocket expenses.
1. Healthcare FSA – Can be used to pay eligible medical, dental, orthodontia and vision expenses
2. Limited Purpose FSA – Can be used in tandem with an HSA to pay eligible dental, orthodontia and vision expenses
3. Dependent Care – Can be used to pay eligible expenses for childcare, eldercare or care for a disabled dependent
2025 IRS MAXIMUM CONTRIBUTION |
|
---|---|
Healthcare FSA |
$3,300 |
Limited Purpose FSA |
$3,300 |
Dependent Care FSA |
$5,000 |
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