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A flexible spending account, or FSA, is an account eligible employees allocate pre-tax money to throughout the year. They then use funds in that account to pay for certain out-of-pocket health care costs. Employees can use FSA funds to pay for certain out-of-pocket health care costs.
How much your contibute is up to you as long as you stay within the limits established by the IRS. See brochure for details.
Summary