A Flexible Spending Account program allows employees to save on taxes. The program allows employees to fund for out-of-pocket health care expenses and dependent care expenses with tax-free dollars. This can potentially save employees hundreds of dollars in taxes.

Pre-tax dollars stretch employees buying power further than post-tax dollars. Pre-tax dollars are exempt from federal income tax, social security tax (subject to FICA wage base), state income tax (limitations in a few states), and most local income taxes. Minimum savings are 22.65 cents on each dollar. This assumes a minimum federal tax bracket of 15% and 7.65% social security tax. Most employees will save even more.

FSA Employee Savings Calculator
To help calculate your estimated savings, please visit FSA Employee Savings Calculator

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Remember that the tax savings amounts are estimated. Please contact your tax advisor for savings amounts specific to your household earnings.

Member eServices
To access your Flexible Spending Account processed claims or to contact a customer service representative via email, simply click on the Member icon.