A flexible spending account (FSA) uses employee pre-tax dollars to pay for expenses not covered by insurance. This valuable benefit can be implemented by an employer at minimal or no cost.
Some of the products and services covered by these plans include:
- Day care
- Eye exams
- Prescription drugs
- First aid
- Most over-the-counter medications, including pain relievers, antacids, allergy relief, and cold products
With most carriers eligible expenses can be paid with a swipe of a card provided by the vendor.