FSAs save money and cut taxes, but there are downsides. Money deducted for a medical flexible spending account can be used to pay for over-the-counter drugs among other things. Getty Images Oct. 26, ...

An FSA can help you cover health care costs and lower your taxable income. But there are some rules you'll need to follow. Danni Santana spent nine years as an editor and business journalist covering ...

Two types of accounts can help you pay for medical costs and have tax benefits, but both also have possible downsides, two recently published reports found. The two are flexible spending accounts and ...

On Nov. 9, the Internal Revenue Service announced that for 2024, employees can increase their health flexible spending account (FSA) by an additional $150. The 2024 contribution limit is $3,200 ...

If potential consumer spending dollars are going unused, retailers would like to know about it. But for retailers selling products eligible for medical flexible spending and health savings accounts in ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NewsNation) — Who doesn’t want to save ...

If you still have money in a flexible spending account, the clock is ticking. Last year during open enrollment, you may have elected to fund an FSA with pre-tax dollars that you can spend on eligible ...

New Year, new us! Chances are, prioritizing your health and wellness goals is among your New Year’s resolutions. Related Video Above: Open an HSA to Save on Medical BillsStaying active and eating ...

Medical expenses can take a big bite out of your wallet. A couple of special accounts, however, are good remedies for both your doctor and tax bills. A medical flexible spending arrangement is a ...