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Flexible Spending Account Employee Guide WHAT IS A FLEXIBLE SPENDING ACCOUNT (FSA)? A Flexible Spending Account, sometimes referred to as a Section 125 Plan, is a company sponsored program, which
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A flexible spending account (FSA) allows employees to set aside a portion of earnings to pay for qualified expenses.
Employees who wish to participate in a flexible spending account (FSA) may be required to file certain documentation with their employer.
Employees can enroll in a flexible spending account (FSA) during open enrollment periods and typically must specify the amount they wish to contribute for the upcoming plan year.
The purpose of a flexible spending account (FSA) is to help employees save money on qualified medical and dependent care expenses by allowing them to use pre-tax dollars.
Employees must report the amount they wish to contribute to their flexible spending account (FSA) for the upcoming plan year.
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