Why should I set up an FSA?

FSAs let you set aside some of what you earn each year into an account that's specifically for out-of-pocket health care, child, or elder care expenses, without paying taxes on those dollars. If you have recurring care expenses (e.g., copays, daycare, etc.), or simply a rough estimate of how much you expect to spend on them, an FSA will help you save money.

Learn more about the tax advantages of an individual FSA.