Flexible Spending Account Options

By Bill Corson, AEPG® Wealth Strategies

Flexible Spending Accounts (FSAs) allow employees to pay pre-tax dollars for medical expenses and dependent (child) care expenses not covered by company health plans. Until recently, money in an FSA not used by the employee before the end of the calendar year was forfeited, reverting back to an Employer. This "use-it-or-lose-it" concept has been a major limitation to FSA’s since their inception in the 1970’s but this has changed due . . .

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