{"id":196733,"date":"2021-10-11T11:13:39","date_gmt":"2021-10-11T15:13:39","guid":{"rendered":"https:\/\/www.attendancebot.com\/blog\/?p=196733"},"modified":"2021-10-13T08:18:53","modified_gmt":"2021-10-13T12:18:53","slug":"what-is-an-fsa","status":"publish","type":"post","link":"https:\/\/www.attendancebot.com\/blog\/what-is-an-fsa\/","title":{"rendered":"What is an FSA?"},"content":{"rendered":"<p>Employers offer a variety of plans for the tax benefit of employees. One such plan is the Flexible Spending Account (FSA) plan. In this article, we will explore FSAs in detail to understand their nuances.<\/p>\n<div class=\"lyte-wrapper fourthree\" style=\"width:960px;max-width:100%;margin:5px auto;\"><div class=\"lyMe\" id=\"WYL_jg15HrGIbU4\"><div id=\"lyte_jg15HrGIbU4\" data-src=\"https:\/\/blog.attendancebot.com\/wp-content\/plugins\/wp-youtube-lyte\/lyteCache.php?origThumbUrl=%2F%2Fi.ytimg.com%2Fvi%2Fjg15HrGIbU4%2Fhqdefault.jpg\" class=\"pL\"><div class=\"tC\"><div class=\"tT\"><\/div><\/div><div class=\"play\"><\/div><div class=\"ctrl\"><div class=\"Lctrl\"><\/div><div class=\"Rctrl\"><\/div><\/div><\/div><noscript><a href=\"https:\/\/youtu.be\/jg15HrGIbU4\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.attendancebot.com\/wp-content\/plugins\/wp-youtube-lyte\/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2Fjg15HrGIbU4%2F0.jpg\" alt=\"YouTube video thumbnail\" width=\"960\" height=\"700\" \/><br \/>Watch this video on YouTube<\/a><\/noscript><\/div><\/div><div class=\"lL\" style=\"max-width:100%;width:960px;margin:5px auto;\"><\/div><\/p>\n\n<h2><b>What is FSA or Flexible Spending Account?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A <\/span>Flexible Spending Account (FSA)<span style=\"font-weight: 400;\"> is a type of account that allows employees to save their potential medical expenses. FSA is credited from an employee\u2019s salary. Employers deduct the set amount decided by the employee from the remuneration before crediting their salary in their bank account. A few employers also contribute toward an employee\u2019s FSA, and this amount is tax-free.\u00a0<\/span><\/p>\n<h3><b>What is the Eligibility for Starting an FSA Plan?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Employers set up a health FSA for employees to avail benefits. Employers can provide an FSA with other employee benefits. Self-employed individuals are ineligible for an FSA.\u00a0<\/span><\/p>\n<h3><b>FSA Contribution Rules<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Employees contribute toward the FSA for their potential medical expenses in a year. An employer has the choice to contribute toward the employee FSA, but it is not compulsory.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An employee decides the amount they want to contribute toward the FSA at the start of every plan year. The employer deducts the set amount on each payday before crediting remuneration to the employee\u2019s account. The arrangement is also called a salary reduction agreement. An employee doesn\u2019t have to pay any tax on the amount contributed toward the <\/span>FSA account.<\/p>\n<h3><b>FSA Fund Rules<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The amount contributed toward the FSA can not breach the USD 2750 threshold allowed under the<\/span> FSA rules<span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An employee only has one year to use the FSA funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If an employee doesn\u2019t use the FSA fund within a year, the fund balance is transferred back to the employer\u2019s account.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is a limit of USD 2750 per person. An employee\u2019s spouse can also contribute up to the FSA fund limit if they are filing tax individually.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employers can offer a grace period for the FSA funds. For example, If the FSA plan expires on March 31, 2022, employers can extend it up to two and half months. An employee can use their FSA fund balance by June 15, 2022.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employers can allow carrying forward the fund balance by up to USD 550 per year till the <\/span><span style=\"font-weight: 400;\">next year.<\/span><\/li>\n<\/ul>\n<h3><b>FSA Distribution Rules<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">FSA funds can only be used for qualified medical expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employees can avail up to the maximum amount set for the health care FSA during any time of the year. For example, If an employee has set a limit of USD 2750 for the year, they can get the entire amount for the medical expense on the second day after the FSA plan starts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If an employee leaves the organization in the middle of the year and uses the entire FSA fund for that year, the company has to pay the remaining unpaid amount in FSA.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The employee must provide a written statement that the amount used for the medical services hasn\u2019t been reimbursed by other health coverage.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The employee must provide a receipt or transaction details to get reimbursed by the <\/span>health care FSA.<\/li>\n<\/ul>\n<h3><b>Changes in FSA Rules 2021<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IRS has released new guidelines that allow employees to change existing grace periods and amounts contributed toward FSA. However, the employer has the right to decide if they want to follow the guidelines in their organization.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">FSA coverage covers menstrual care products and unprescribed over-the-counter drugs, as of <\/span><strong><a href=\"https:\/\/finance.yahoo.com\/news\/finally-fsa-hsa-money-buy-174158542.html\">2020<\/a><\/strong><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<h2><b>What are Qualified Medical Expenses?\u00a0<\/b><\/h2>\n<p>Qualified medical expenses under FSA include medical and dental expenses incurred by an individual during the year.<\/p>\n<p><span style=\"font-weight: 400;\">FSA covers qualified medical expenses incurred by the following persons.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employee and their spouse\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All dependents of the FSA holder<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employee\u2019s children under the age of 27 at the end of the tax year<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ineligible dependents, including,\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">An individual who has filed a joint return<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">An individual whose gross income surpasses USD 4300<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><b>What are Health Care Flexible Spending Account Eligible Expenses?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Vision-related expenses, such as spectacles, contact lenses, and prescription sunglasses are permitted.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dental expenses, such as dental care visits, braces, and other dental health expenses are acceptable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The FSA plan covers menstrual care products and unprescribed over-the-counter drugs, as per the<\/span> flexible spending account rules 2020.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Broad categories of products covered under the FSA are as follows.\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Baby and child care<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Ear care<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Eyecare<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Foot health\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Family planning and tests<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Medical equipment\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">FSA holders can refer to the <\/span><strong><a href=\"https:\/\/www.irs.gov\/publications\/p502\">IRS Publication 502 <\/a><\/strong><span style=\"font-weight: 400;\">to understand medical expenses permitted under the FSA.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Health insurance premiums, long-care expenses, and expenses covered by other health plans are not covered under FSA.<\/span><\/li>\n<\/ul>\n<h2><b>What is an FSA Card?<\/b><\/h2>\n<p>An FSA card works like a debit card and allows individuals to spend money under the FSA. An individual can use their FSA card for eligible expenses under the FSA plan. FSA cards can be used at hospitals, pharmacies, and online FSA stores, including Amazon FSA. If the service provider of your qualifying expense doesn\u2019t accept an FSA card, you can withdraw cash to make a payment. However, you need to save the receipt for the FSA provider and IRS audit. If a person uses an FSA card for ineligible expenses, they have to credit their account with the same amount. An individual can view their FSA card balance from an online FSA account. FSA cards may or may not be provided by the employee\u2019s FSA plan.<\/p>\n<h2><b>What is Dependent Care FSA?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">American families find it challenging to manage child care when they go to work. They need child care support to help them relieve the concern of looking after their children. Dependent care FSA covers child care expenses for dependent children up to<\/span><a href=\"https:\/\/www.irs.gov\/credits-deductions\/individuals\/child-and-dependent-care-information\"><span style=\"font-weight: 400;\"><strong> 13 years of age<\/strong><\/span><\/a><span style=\"font-weight: 400;\">. In addition, <\/span>dependent care FSA<span style=\"font-weight: 400;\"> also allows adult care expenses when a dependent adult is incapable of self-care.<\/span><\/p>\n<h3><b>What is the Eligibility for the Dependent Care FSA Plan?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Employers set up a dependent care FSA for an employee to avail of the benefits. Employers can provide dependent care FSA with other employee benefits. Self-employed individuals are ineligible for dependent care FSA.<\/span><\/p>\n<h3><b>What are the Dependent Care FSA Contribution Rules?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">An employee decides the amount they want to contribute toward the dependent care FSA for the yearly child care and adult care expenses. The employer deducts the amount on every payday toward the annual dependent care FSA fund. An employee can deduct the amount contributed toward the dependent care FSA from their gross salary and receive tax benefits.<\/span><\/p>\n<h3><b>What are the Rules for the Dependent Care Contribution Toward the Fund?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The amount contributed toward the FSA can not breach the USD 2500 threshold allowed under the dependent care FSA rules.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employees only have one year to use the FSA funds. The fund balance will be transferred into the employer\u2019s account if not used.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The limit of USD 2500 applies per person. Employees\u2019 spouses can contribute up to the FSA fund limit.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employers can offer a grace period for the FSA funds. For example, if the dependent care FSA plan expires on December 31, 2021, the employer can extend it by up to two and half months, and the employee can use their FSA fund balance by January 15, 2022.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employers can allow the carrying forward of the fund balance of up to USD 550 per year to the succeeding year.<\/span><\/li>\n<\/ul>\n<h3><b>What are the Dependent Care FSA Distribution Rules?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The dependent care FSA funds can only be used for qualified medical expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employees can avail of funds up to the maximum amount they have decided to contribute to the dependent care FSA at any time of the year. For example, If an employee has set a limit of USD 2500 for the year, they can get the entire amount for the care expense from the second day after the FSA plan starts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If employees leave the organization in the middle of the year and use the entire dependent care FSA fund agreed upon for that year, the company has to pay the remaining unpaid amount.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The employee must provide a receipt or transaction details to get a reimbursement amount from dependent care FSAs.<\/span><\/li>\n<\/ul>\n<h3><b>What are the Eligible Dependent Care FSA Expenses?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Physical care<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An expense for a nanny or babysitter\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Summer day camps for children\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Child daycare or adult daycare services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Before and after school care (tuition excluded)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nursery schools<\/span><\/li>\n<\/ul>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-196735\" src=\"https:\/\/blog.attendancebot.com\/wp-content\/uploads\/2021\/10\/The-Difference-between-an-HSA-and-FSA-min-1024x664.png\" alt=\"The Difference between an HSA and FSA\" width=\"668\" height=\"433\" srcset=\"https:\/\/blog.attendancebot.com\/wp-content\/uploads\/2021\/10\/The-Difference-between-an-HSA-and-FSA-min-1024x664.png 1024w, https:\/\/blog.attendancebot.com\/wp-content\/uploads\/2021\/10\/The-Difference-between-an-HSA-and-FSA-min-300x194.png 300w, https:\/\/blog.attendancebot.com\/wp-content\/uploads\/2021\/10\/The-Difference-between-an-HSA-and-FSA-min-768x498.png 768w, https:\/\/blog.attendancebot.com\/wp-content\/uploads\/2021\/10\/The-Difference-between-an-HSA-and-FSA-min-100x65.png 100w, https:\/\/blog.attendancebot.com\/wp-content\/uploads\/2021\/10\/The-Difference-between-an-HSA-and-FSA-min-694x450.png 694w, https:\/\/blog.attendancebot.com\/wp-content\/uploads\/2021\/10\/The-Difference-between-an-HSA-and-FSA-min.png 1199w\" sizes=\"auto, (max-width: 668px) 100vw, 668px\" \/><\/h2>\n<h2><b>What is a Limited Purpose FSA (LPFSA)?<\/b><\/h2>\n<p>An individual can not have both <strong><a href=\"https:\/\/www.attendancebot.com\/blog\/hsa-contribution-limits\/\">HSA<\/a><\/strong> and healthcare FSA. An employer provides the option for an employee to apply for a Limited Purpose FSA with the HSA. An employee can use the LPFSA for dental and vision expenses. Employees who have HSA can get medical expenses for vision and dental care through LPFSA.<\/p>\n<h3><b>What is the Eligibility for Starting a Limited Purpose FSA Plan?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Employers set up the LPFSA for employees. If employers fail to provide an LPFSA plan, an individual cannot get the benefit of LPFSA. Self-employed individuals cannot avail of an LPFSA plan.<\/span><\/p>\n<h3><b>What are the Rules for Limited Purpose FSA Funds?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The amount contributed toward the LPFSA cannot breach the USD 2750 threshold allowed under the LPFSA rules. If an employee and their spouse are filing the tax individually, they can contribute USD 2750 each toward the Limited Purpose FSA.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An employee only has one year to use the LPFSA funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If an employee doesn\u2019t use the FSA fund within a year, the fund balance is transferred into the employer\u2019s account.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employers can offer a grace period for the FSA funds. For example, If the dependent care FSA plan expires on December 31, 2021, the employer can extend it by up to two and half months, and the employee can use their FSA fund balance by January 15, 2022.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employers can allow the carrying forward of the fund balance of up to USD 550 per year to the subsequent year.<\/span><\/li>\n<\/ul>\n<h3><b>What are the Limited Purpose FSA Eligible Expenses?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited Purpose FSA eligible expenses include vision expenses for items such as spectacles, prescription sunglasses, and lens cleaner solutions.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">LPFSA covers dental expenses such as dental cleaning and filling.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">LPFSA holders can refer to the <\/span><strong><a href=\"https:\/\/www.irs.gov\/publications\/p502\">IRS Publication 502<\/a><\/strong><span style=\"font-weight: 400;\"> to understand medical expenses.<\/span><\/li>\n<\/ul>\n<h3><b>Example of LPFSA<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Let\u2019s say Alexa has the following eligible expenses.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><b>Alexa\u2019s Expenses<\/b><\/p>\n<\/td>\n<td style=\"text-align: center;\"><b>Billed Amount\u00a0<\/b><\/td>\n<td style=\"text-align: center;\"><b>Comment\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Dental cleaning<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">USD 50<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">100% covered by insurance<\/span><\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">One dental filling<\/span><\/p>\n<\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">USD 100<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">100% covered by insurance<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Prescription sunglasses<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">USD 200<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Covered by LPFSA, not insurance<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Eye exam<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">USD 75\u00a0<\/span><\/td>\n<td>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">80% covered by insurance, and the rest used by LPFSA<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Alexa can calculate her potential expenses for vision and dental care in the following year. She can put the amount in LPFSA not covered under her current insurance plan and avail of tax benefits.<\/span><\/p>\n<h2><b>Conclusion<\/b><\/h2>\n<p>An employer can create and offer various Flexible Spending Accounts to their employees. The IRS regularly updates the rules to include, remove, or update different rules. The employer needs to change their FSA plans accordingly, to offer an employee new benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is FSA or Flexible Spending Account? Check this article to understand different types of FSAs and rules.<\/p>\n","protected":false},"author":1,"featured_media":195373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,6,38],"tags":[],"class_list":["post-196733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employee-engagement","category-hr-best-practices","category-us-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is an FSA? | AttendanceBot<\/title>\n<meta name=\"description\" content=\"What is FSA or Flexible Spending Account? 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