HEALTH CARE

BENEFIT PLAN

PERSONAL INSURED ACCOUNTS

FLEXIBLE SPENDING ACCOUNT

FSA

An employer-sponsored benefit program typically funded by the employee with pre-tax contributions that reimburses the employee for qualified medical expenses, and is subject to a use-it-or-lose-it rule requiring forfeiture of unused amounts at the end of the year.

In brief:  An employer bookkeeping account for medical expenses funded by employee pre-tax contributions, with no carryover, accumulation, or portability.

CLICK HERE:

            ● FSA Overview

            ● FSA  Tax Treatment

            ● FSA Distribution

            ● FSA The Law