An FSA, or Versatile Spending Account, is a tax-advantaged account that permits staff to put aside pre-tax {dollars} to pay for certified medical bills. Employers could provide FSAs as a profit to their staff. FSA funds can be utilized to pay for quite a lot of bills, together with medical insurance premiums, deductibles, and copayments.
The FSA rollover permits staff to hold over unused funds from one plan yr to the subsequent. This could be a precious profit, because it permits staff to economize on their medical bills. The FSA rollover restrict for 2025 to 2026 is $570.