A Flexible Savings Account (FSA) and Health Savings Account (HSA) are pre-tax benefit accounts that are used to pay qualified medical expenses not covered by your health insurance. The money you put into FSA and HSA healthcare are not taxable so you save on taxes and keep more in your paycheck. If you have an FSA and your employer allows, you may be able to carry over $550 but no more, to the new year. Make sure you use your money before you lose it. 2020 is coming to an end, so contact us to schedule an appointment. An HSA has no limit to how much money you can carryover for the coming year. Non cosmetic dental expenses are included in both of these health benefits accounts.
Rosh Hashanah is the beginning of the Jewish High Holidays. May this year find you and your family in good health.