Healthcare, Medical, Account
A Medical Flexible Spending Account is an employer-sponsored account that allows you to set aside pre-tax dollars to pay for certain health care expenses.
A medical flexible spending account (FSA) allows you to save for medical expenses with tax-free dollars. It helps you to reduce your taxable income and increase your take-home pay. With the medical FSA, you can enjoy some of the following advantages:
You pay less in federal, state and FICA taxes
You may have more disposable income
You have a convenient way to pay for medical expenses with tax-free dollars
You gain more control over how your benefit dollars are spent.