Flexible Spending Account (FSA)

A Flexible Spending Account (FSA) is an employer-sponsored account that lets an employee set aside pre-tax money to pay for certain eligible health care or dependent care expenses. In many cases, the money must be used within the plan year or a short grace or carryover period, depending on the employer’s plan rules.

Example

An employee uses money from an FSA to pay for prescription medications and eligible doctor copays with pre-tax dollars.

Related coverage

Health Insurance

Access quality healthcare with affordable health insurance plans.