An FSA is part of an employer benefits plan. If offered, you typically set it up during your company’s annual open enrollment for the coming plan year. Once you enroll, your employer deducts the ...

Both HSAs and FSAs provide tax savings on health care costs. Depending on your personal and family needs, one might be better than the other in any given year. This decision can seem overwhelming for ...

Contributing to a flexible spending account (FSA) could save you several hundred dollars in taxes. FSAs do this by exempting contributions from federal and state income taxes, as well as payroll taxes ...

Flexible spending accounts (FSAs) make you use up your plan balance by a certain point or risk forfeiting it. You typically have until Dec. 31, though some FSAs offer a grace period. Some expenses ...

The most significant difference between flexible spending accounts (FSA) and health savings accounts (HSA) is that an individual controls an HSA and allows contributions to roll over, while FSAs are ...

An FSA is a pretax fund for health care expenses, similar to a Health Savings Account. Industry estimates suggest more than 70 million Americans have one or the other. “They’re both ways for people to ...

The year is almost over, which means that if you have any funds remaining in your flexible spending account (FSA), it's time to use them up. While some employers will allow you to roll over your funds ...

You bought new eyeglasses, squeaked in a dental appointment and stocked up on over-the-counter drugs. But if there’s still money in your flexible spending account (FSA), you better spend those pretax ...