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Tag: flexible spending account

Using a Flexible Spending Account (FSA) | Ohio Employee Benefits Partners

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If you have a health plan through a job, you can use a Flexible Spending Account (FSA) to pay for health care costs, like deductibles, copayments, coinsurance, and some drugs. They can lower your taxes. How Flexible Spending Accounts work A Flexible Spending Account (FSA, also called a “flexible spending arrangement”) is a special account … Continued

How to Make the Most Out of Your FSA at Year-End | Ohio Benefit Advisors

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As 2017 comes to a close, it’s time to act on the money sitting in your Flexible Spending/Savings Account (FSA). Unlike a Health Savings Account or HSA, pre-taxed funds contributed to an FSA are lost at the end of the year if an employee doesn’t use them, and an employer doesn’t adopt a carryover policy. … Continued

Highlights of the Health FSA Contribution Limit

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Our access to PPACA Advisor resources can help you clear up PPACA questions and help you shape your company’s benefit strategy.

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