Flexible Spending Accounts (FSA)

Flexible Spending Accounts (FSA) are funds set aside in an account and can be used for medical and dental related expenses like copayments, deductible, prescription drugs, and more. Funds contributed to a Flexible Spending Account is not taxed. Funds must be used within the allotted time period stated in the agreement which is typically about a year.

Flexible Spending Accounts (FSA) can have complex rules and regulations. LHUI and our employee benefits specialists can help educate your employees on how Flexible Spending Accounts (FSA) can be financially beneficial for those with foreseen medical procedures, and/or those who are looking for great tax advantages.