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What Is an FSA?

A flexible spending account (FSA) is an employer-sponsored benefit that allows you to deduct a percentage of your paycheck and use that money to pay for eligible medical expenses. This is done on a pre-tax basis, meaning the money is exempt from federal, state and social security taxes. It’s a nice option for employees who expect to incur medical expenses that won’t be reimbursed by regular health insurance plans.Learn more the comparison details of FSA and HSA on our blogs.Click Here for Additional Cost Information