What is a Flexible Spending Account?

Flexible Spending Accounts (FSAs) are tax-advantaged health spending accounts established by employers. 100% of contributions are made by employees. The benefit to employees is that they can use pre-tax dollars to pay for uncovered qualified medical expenses.

Unlike Health Savings Accounts, these accounts expire at the end of every year, meaning employees must "use it or lose it". Reimbursable expenses are determined by the employer - check your plan for details.