What’s an FSA?

This video outlines the concept and rules of a Flexible Spending Account (FSA):

FSAs allow for tax-free contributions and withdrawals for healthcare expenses.
The employer owns the FSA, with the employee utilizing it through their workplace.
FSAs cannot be used in conjunction with high deductible health plans that are eligible for HSAs.
The “use it or lose it” rule applies, meaning funds must be used within the plan year or they are forfeited.
Some employers may offer options for unused funds at the end of the year, like a spending grace period or a limited rollover to the next year.

Related Videos

How can I spend my HSA money?

This video explains how to use a Health Savings Account (HSA):

Who Can Use My HSA Dollars?

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What’s an HSA?

In this video, Luke introduces the concept of a Health Savings Account (HSA):

Dependent Care FSA

This video explains the concept of a Dependent Care Flexible Spending Account (FSA) and outlines its key rules and features:

HSA Rules

This video highlights the benefits and flexibility of Health Savings Accounts (HSAs). Below are some of those benefits:

Limited Purpose FSA

In this video Luke explains how Limited Purpose FSA’s (LPFSA) work in comparison to regular FSA’s. You can see the key takeaways below: