Flexible Benefit Plans
Flexible spending accounts (FSA), health reimbursement accounts (HRA) and health savings accounts (HSA) are known as flexible benefit plans. These health care programs let you and/or your employer set aside pre-tax dollars to pay for eligible medical or dependent care expenses at a savings of up to 40%. As health care costs continue to rise, taking advantage of these valuable benefits is more important than ever.
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On March 30, 2010, President Obama signed into law the Amendment to H.R. 4872, the Health Care and Education Affordability Reconciliation Act of 2010 (HCEARA).
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