What is a Flexible Spending Account (FSA)?

An FSA is part of a "cafeteria plan." With an FSA, a staff member at your church could reduce his taxable salary and put that amount in an FSA account to reimburse his family for certain health and/or dependent care expenses (up to eligible limits). These accounts are self-funded, meaning that the employee determines how much to place in the account.

Follow these tips to maximize your flexible spending account.

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