Mike Radakovich
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by Mike Radakovich
by Mike Radakovich
by Mike Radakovich
by Mike Radakovich
by Mike Radakovich
by Mike Radakovich
by Mike Radakovich
by Mike Radakovich
Dependent Care Flexible Spending Accounts: Everything You Need to Know
Benefits, Benefits Plans, Employee Benefits, Employers, Employment, Family
A dependent care flexible spending account (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services. The IRS determines which expenses are eligible for reimbursement and these expenses are defined by Internal Revenue Code §129 and the employer's plan.
WHAT ARE HEALTH FLEXIBLE SPENDING ACCOUNTS?
Courtesy of UBA Benefits
A health flexible spending account (FSA) is a pre-tax account used to pay for out-of-pocket health care costs for a participant as well as a participant's spouse and eligible dependents. Health FSAs are employer-established benefit plans and may be offered with other employer-provided benefits as part of a cafeteria plan. Self-employed individuals are not eligible for FSAs.