What is a Flexible Spending Account (FSA)?Updated 6 months ago

A Flexible Spending Account (FSA) is another type of tax-advantaged savings account available in the United States, typically offered as part of an employer's benefits package. Employees can contribute a portion of their pre-tax earnings to their FSA, which can then be used to pay for eligible medical expenses, such as copayments, deductibles, prescription medications, and certain medical supplies.