WHAT IS AN FSA?
An FSA is a tax advantaged benefit plan whose funds are exempt from taxes. The account is setup and administered under a cafeteria plan for employees to elect to participate. Your out-of-pocket health care expenses are eligible for reimbursement if the
expenses are for medically necessary care or treatment incurred during the Plan Year. If you have dependents, your out-of-pocket costs for their expenses are eligible even if they are not enrolled on your benefits! For more information, see below.
