Chard Snyder

Flexible Spending Accouts

A Flexible Spending Account (FSA) can help you save money for healthcare and/or dependent care items and services for yourself and your family. FSA funds are deducted from your paycheck before taxes, so the money deposited into the account is tax free which saves you money.
You may save up to 40% on your healthcare or dependent care costs.

A health FSA can be used for eligible medical expenses such as copays, coinsurance, deductibles, dental, vision, prescriptions, medical supplies, and procedures. Even over-the-counter medications and menstrual care products are eligible expenses.
A limited-purpose FSA is designated for eligible dental and vision expenses only. The limited FSA allows those with a Health Savings Account (HSA) to use HSA funds for medical expenses and use the limited FSA funds for eligible expenses such as orthodontia or glasses.
A dependent care FSA can be used for expenses incurred to care for your children age 12 and younger, as well as your adult tax dependents, who require care while you are at work.