5 Common FSA Terms You Should Know

A Flexible Spending Account is a great tool if you’re looking to save money on reoccurring healthcare or dependent care expenses. When you enroll in an HC FSA or a DC FSA, you’re setting aside pre-taxed dollars from your employer paycheck that you can use to purchase eligible expenses. Many Americans have trouble differentiating between the different health spending accounts that are available, before deciding to enroll in a Health Care Flexible Spending Account or a Dependent Care Flexible Spending Account, here are five terms you should know.

There are many items you can pay for with your reimbursement account. Use this list to determine what items or services are eligible for reimbursement with your Surency Health Care or Dependent Care Flexible Spending account.

Use our Election Worksheet to estimate your health care costs and decide how much to contribute to your HC FSA.


Source: 5 Common FSA Terms You Should Know | WEX Inc.