 Keep More of Your Money!
You may be able to save 20% or more by enrolling in a Flexible Spending Account
- Lower your medical costs
- Cut your income taxes
Note: You can contribute up to $2,500 to the medical FSA and up to $3,600 to the dependent care FSA for the January 1, 2014 through December 31, 2014 plan year.
A Flexible Spending Account (FSA) is an excellent way to reduce your taxes and keep more of the money you earn. It works like an expense account. You automatically set aside a portion of your salary, before taxes, to pay for qualified medical expenses or child/dependent care. You save money because you don’t pay taxes on the money you set aside. You can use these accounts to pay for day care and your medical care and prescription drug costs that aren’t covered by insurance, as well as some over-the-counter medicines and drugs.
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