An FSA is an employer-sponsored benefit account that allows you to set aside pre-tax funds to help pay for eligible healthcare expenses. An FSA is a great spending vehicle to help pay for healthcare costs not covered by your health plan.
The chart below provides a quick access to the type of savings you can experience by choosing to enroll in a FSA:
| Federal tax rate | Annual FSA contribution | Your estimated annual tax savings* |
|
15% |
$1,500 |
$340 |
|
15% |
$2,500 |
$566 |
|
25% |
$1,500 |
$490 |
|
25% |
$2,500 |
$816 |
|
33% |
$1,500 |
$610 |
|
33% |
$2,500 |
$1,016 |
*For illustrative purposes only.
