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Dependent Inflexible Spending Account A Waterworks Dependent Care Flexible Spending Account (FSA) is a pretax benefit account used to pay for dependent care services, such as preschool, summer day
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Account FSA is a flexible spending account that allows employees to set aside pre-tax dollars for eligible medical expenses.
Employees who wish to take advantage of the tax benefits of a flexible spending account are required to file account FSA.
To fill out an account FSA, employees need to estimate their expected medical expenses for the year and elect to contribute that amount from their paycheck on a pre-tax basis.
The purpose of account FSA is to help employees save money on eligible medical expenses by allowing them to pay for these expenses with pre-tax dollars.
Employees must report their estimated annual medical expenses and elect an amount to contribute to their FSA.
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