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Health Care FSA. A Health Care FSA allows employees to set aside pre-tax dollars out of their paychecks to pay for eligible health care expenses. Funds put into the plan avoid both Federal Income Tax and FICA, creating a tax savings for both the participant and the employer! request a quote.
A Flexible Spending Account (FSA) is simply a way for you to set money aside from each paycheck to use on Eligible Expenses not covered by your health plan and Dependent Daycare Fees. Some examples of these expenses are: Office visit co-pays, Rx co-pays, Medical supplies (diabetic testing strips), some Over-the-Counter Medicines and much more.