A medical flexible spending account (FSA) allows you to save for medical expenses with tax-free dollars. It helps you to reduce your taxable income and increase your take-home pay. With the medical FSA, you can enjoy some of the following advantages:
- You pay less in federal, state and FICA taxes
- You may have more disposable income
- You have a convenient way to pay for medical expenses with tax-free dollars
- You gain more control over how your benefit dollars are spent.