FredrickZink & Associates offers Flexible Spending Account Management Services for clients, including the facilitation and administration of the FSA plan.
What is a Flexible Spending Account?
A Flexible Spending Account (FSA) is a type of savings account provided through some employers that can be used for Medical and Dependent care costs.
You can access FSAs through A WEX (Work Experience) Benefit Card that works like a debit card. Find out more when you download our informational flyer.
An FSA:
- Covers what your health insurance doesn’t (except for premiums)
- Saves you money on the health care you need
- Makes reimbursement for medical and dependent care costs easy
- Benefits both employers and employees through tax deductions
Common eligible expenses:
- Copayments
- Health insurance deductibles
- Acupuncture/Chiropractic adjustments
- Dental care (exams, cleaning, etc.)
- Adult day care (disabled spouse or dependent)
- Daycare for children under 13
- Before/after-school care or program
- Eye care (glasses, contacts, exams)