Flexible Spending Account

A Flexible Spending Account (FSA) is an account you contribute pre-tax money into that you can use to pay for certain out-of-pocket health care costs. Your contribution is withdrawn from each paycheck, based on your annual election amount. The total amount you elect is available immediately. You do not have to wait until you’ve contributed the money to use it.  Participation in Health Insurance is not a requirement to participate in the FSA plan.