Search results
Results from the WOW.Com Content Network
v. t. e. In the United States, a flexible spending account ( FSA ), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings. [1] One significant disadvantage to using an FSA is that funds not used by the end of the plan year are forfeited to the employer, known as ...
If FSA money is left in your account at the end of December, your employer can offer one of two options: A 2.5-month grace period to spend the leftover money. A carryover of up to $500 to spend ...
Flexible spending accounts are a great way to save on your tax bill by using pretax money to cover medical expenses. But every December, like clockwork, many workers find themselves with leftover ...
FSA accounts have use-it-or-lose-it provisions that require enrollees to spend the funds on qualified expenses before the end of the calendar year the contribution was made. Plan sponsors can ...
BASF plant in Ludwigshafen, 1865. BASF is an acronym for Badische Anilin- und Sodafabrik ( German for 'Baden Aniline and Soda Factory'). It was founded by Friedrich Engelhorn on 6 April 1865 in Mannheim, in the German-speaking state of Baden. Engelhorn had been responsible for setting up a gasworks and street lighting for the town council in 1861.
Municipal health coverage. v. t. e. In the United States, a medical savings account ( MSA) refers to a medical savings account program, generally associated with self-employed individuals, in which tax-deferred deposits can be made for medical expenses. Withdrawals from the MSA are tax-free if used to pay for qualified medical expenses.
A flexible spending account or FSA is a designated account for employees to contribute funds to as a way to pay for qualifying out-of-pocket healthcare expenses, including certain medical and ...
en.wikipedia.org