Flexible spending accounts allow you to use tax-free dollars to pay eligible health care and day care expenses. These are optional benefits that permit you to set aside pre-tax dollars deducted from your paycheck. When you have eligible expenses, you’re reimbursed from your account. It’s your money going into the account and your money coming out, but the advantage is that the money is never taxed.
Health Care Spending Account
Dependent Care Spending Account
The Summary Plan Description (SPD) has more details about this benefit, such as: