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  • A Flexible Spending Account (also known as a flexible spending arrangement) is a special account you put money into that you use to pay for certain out-of-pocket health care costs.


  • You don’t pay taxes on this money. This means you’ll save an amount equal to the taxes you would have paid on the money you set aside.


  • You can use funds in your FSA to pay for certain medical expenses for you, your spouse if you’re married, and your dependents.

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Learn about Flexible Spending Accounts

  • For details about how your company’s FSA, including how to sign up, ask your employer.
  • All of your FSA funds for the entire year are available January 1st.
  • USE IT OR LOSE IT: FSA funds usually expire by Dec 31st or by March 15th.
  • You may be able to carry $500 of unused FSA funds from the previous year depending on your employer.


  • You have to be enrolled in a high-deductible plan to be eligible for a health savings account.
  • HSA funds are accrued throughout the calendar year.
  • An individual can contribute up to $3,350 a year, and sometimes your employer will make a contribution to the account, just like with a 401(k).


  • FSA/HSA funds can be used to purchase prescription eyewear and/or frames, including prescription sunglasses.
  • FSA/HSA funds can be used whether you have vision insurance or not.

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