Flexible Spending Account
About this session
Duration: 4 minutes
This video highlights the three different types of FSAs, a Health FSA, Limited Purpose FSA and a Dependent Care FSA. We’ll also cover important considerations to keep in mind when making your selection.
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Flexible Spending Accounts offered by Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC). Administration services provided in part by Wex Health, Inc.
This highlights some of the benefits of a Flexible Spending Account. If there is a discrepancy between this material and the plan documents, the plan documents will govern. Subject to any applicable agreements, Voya and WEX Health, Inc. reserve the right to amend or modify the services at any time.
The amount you save in taxes with a Flexible Spending Account will vary depending on the amount you set aside in the account, your annual earnings, whether or not you pay Social Security taxes, the number of exemptions and deductions your claim on your tax return, your tax bracket and your state and local tax regulations. Check with your tax advisor for information on whether your participation will affect your tax savings. None of the information provided should be considered tax or legal advice.