Flexible Spending Accounts are a type of "cafeteria plan," commonly used among smaller employers.
Participating employees generally elect to have their salary reduced each month. The employer then uses these funds to pay for certain benefits with "before-tax" dollars. The most typical benefits include the following:
A. Health Insurance Premiums
B. Medical expenses not otherwise covered
C. Dependent care expenses
FSA'S Which Include Health Benefits
This document was last modified on July 26, 1999
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