What Is an FSA? Your Guide to Flexible Spending Accounts
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What Is an FSA? Your Guide to Flexible Spending Accounts
What is an FSA? Read on to learn all about tax-advantaged flexible spending accounts and how to use them for your qualified medical expenses.
Dec 13, 2023
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💸 Wait, what is an “FSA”…? An FSA is a flexible spending account *employer-sponsored account* where you set aside *pre-tax money from your paycheck* to pay for eligible health expenses. And you’d be shocked at all that’s eligible (Amazon has an entire HSA/FSA category, btw! But also supporting local pharmacies is cool too :) 🛒 A lot of people choose to use these for things like accupuncture, co-pays, OTC meds, etc. but you can also be eligible to use them for FUN things like new glasses, sunsc
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A FSA (Flexible Spending Account) is a simple, smart way to pay for healthcare expenses with pre-tax money. That means instant savings — no waiting, no investing — just keeping more of what you earn. Just remember: FSAs are use it or lose it, so plan your expenses wisely! Individuals can elect to put aside up to $3400 and $7500 if filing jointly. 💡 You can sign up through your employer’s benefits portal during open enrollment. Drop the word “FREEDOM” in the comments, and I’ll send you my free e
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