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Baker Tilly Vantagen provides complete Employee Benefits Administration and Human Resources Consulting to mid-sized clients in a variety of industries.

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How do FSAs Work?

An FSA allows employers decide the maximum contribution they wish to allow for their FSA (maximum $2,500 as set by current healthcare reform). Employees can then opt into an FSA each year during open enrollment, and use their FSA toward a variety of out-of-pocket expenses including dental and vision care, medical services, and medical products and supplies. Often, these FSA eligible expenses are those not covered by an employees’ traditional health insurance plan. The FSA balance is available in full for use starting on the very first day of the plan year, although employee contributions are taken evenly throughout the year.
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10 hours ago  ·  

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