Reviewing Flexible Spending Account Information

This section assumes that the employee has completed the enrollment process and is accessing FSA plan pages to review plan information. Pages displaying employee FSA plans enable the user to navigate from summary level pages to more detailed information by clicking the appropriate plan links.

Flexible spending accounts (FSAs) are plans that enable employees to save money on out-of-pocket health or dependent care expenses by enabling them to pay with pretax dollars. There are two types of accounts — Health Care Spending Account (HCSA) and Dependent Care Spending Account (DCSA). In Health Care Spending Account (HCSA), employees can elect to contribute money on a pretax basis to this type of account and later reimburse themselves for certain qualifying medical expenses. In Dependent Care Spending Account (DCSA), employees contribute pretax dollars into this account and use it to reimburse themselves for day care expenses.