“Learning about FSAs is more exciting than you think! Check out one of my FSA videos below. Betty the Benefactress and I explain the ins-and-outs of FSAs and take on an evil villain along the way. These FSA videos are fun, exciting, and informative!”
Inquiring minds want to know:
A Flexible Spending Account is an employer-sponsored benefit. An FSA can be used by the employee and their dependents. There is no health insurance requirement to sign up for an FSA.
In 2020, participants may choose to set aside up to $2,750 in their FSA.
During enrollment season, employees can enroll in an FSA to cover common out-of-pocket healthcare expenses such as:
Your FSA will have one of three options, chosen by your employer:
If you have an FSA card, you can use it to pay for healthcare at approved locations. These include pharmacies and doctor’s offices. You can also shop online at retailers such as FSAStore.com, Amazon, Walgreens, and more. When shopping online, use the search tool and enter FSA to find qualified items.