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Flexible Spending Accounts are a Good Deal

GovLoop

The Federal Flexible Spending Account Program (FSAFEDS), administered by HealthEquity, Inc., FSAFEDS provides three account options to support the needs of employees and their families. All three work by automatically deducting money from each paycheck — before payroll taxes —and putting it into an account.

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How Enrolling in an FSA Can Help Beat Rising Costs

GovLoop

One way to save on those outlays is a flexible spending account (FSA). With FSAFEDS, funds are automatically deducted from your paycheck before payroll taxes and put into an account you can use throughout the year to cover qualified medical or dependent care expenses. Let’s get to the details of the three types of accounts.