What Is A Flexible Spending Account (FSA)?

A Flexible Spending Account (FSA) is a special, tax-sheltered account that you can use to save for healthcare expenses. The money you put away in your FSA is deposited before taxes, and some employers who offer FSAs will match a percentage of your contribution. Check with your employer or insurance company to find out if you have an FSA as part of your health insurance and if your company contributes to it.