Flexible Spending Accounts: A Once-A-Year Tax BreakNo health insurance policy covers everything, so
Flexible Spending Accounts: A Once-A-Year Tax BreakNo health insurance policy covers everything, so that’s where Flexible Spending Accounts (FSAs) come in. FSAs are basically bank accounts reserved to pay for your out-of-pocket health care costs. Of course, anyone can put aside money to cover health expenses, but what makes an FSA special is that you don’t have to pay taxes on the money you put into it. To find out more, see the full TurboTax article. -- source link