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What are FSA's?

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Anonymous

11y ago
Updated: 9/24/2023

An FSA is a flexible spending account, you can set one of these up through your employer usually and it will take pre tax money from your paycheck and add it to an account you can use to pay medical bills or daycare, or even public transportation depending on which account you create.

One caution is that unspent money in the account at the end of the year will not normally come back to you so it is important to only put as much as you will use in there.

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Wiki User

11y ago

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Can I get an FSA on my own?

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Will I lose my FSA if I change jobs?

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Can I use my FSA for my girlfriend's medical expenses?

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Can I use my FSA for previous year expenses?

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Is it possible for me to have two FSA accounts in one year?

No, it is not possible to have two Flexible Spending Accounts (FSAs) in one year. Each individual is limited to one FSA account per year.


Can I open an FSA on my own?

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