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Browse Flexible Spending Accounts Articles

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    All Government Benefits Explained

    All Government Benefits Explained
    Employees of the US Government often enjoy benefits packages unparalleled by those offered in any other profession. The wide range of benefits available to federal employees goes way beyond insurance and retirement; these perks include job security, outstanding 'family friendly' health insurance and retirement plans, and steadily accumulating raises. You may be surprised to learn that federal government jobs - after ...
    Rated: +4
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    Flexible Spending Accounts Overview

    Flexible Spending Accounts Overview
    A Flexible Spending Account, or FSA, is an employee benefit program that allows you to set aside money, on a pre-tax basis, for certain health care and dependent care expenses. That means YOU keep more of your money. These programs are administered by the Federal Spending Accounts Program (FSAFEDS). This program offers three types of accounts: Health Care FSA (HCFSA) [gate] ...
    Rated: +1
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    Adoption-Related Health Benefits

    Federal employees may cover a legally adopted child or a foster child under their Federal Employees Health Benefits (FEHB) family enroll-ment upon showing proof of the child's eligibility as a family member. The child must be single, under the age of 22, and financially dependent on the employee. Proof of adoption or foster child status must be provided by the employee. ...
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    Adoption Incentives

    The Federal government offers its employees leave and health benefits relating to adopting a child. The main adoption-specific incentives are Sick Leave for Adoption and Health Insurance Benefits. Below is information specific to sick leave. This law became effective on September 30, 1994, and allows Federal employees to use sick leave for absences relatied to adoption. What Adoption-Related Activities Are Covered ...
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    Health Care FSA

    A Health Care FSA (HCFSA) helps you pay for eligible health care expenses that are not paid by FEHB or any other insurance. A HCFSA is not insurance, but it can help you get more for your money by using pre-tax dollars to stretch the money you would normally spend out-of-pocket on health care services. You make an annual election to ...
    Rated: +2
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    Dependent Care FSA

    A Dependent Care Flexible Spending Account (DCFSA) allows you to be reimbursed on a pre-tax basis for child care or adult dependent care expenses for qualified dependents that are necessary to allow you or your spouse to work, look for work, or attend school full-time. However, if you did not find a job and have no earned income for the year, ...
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    Limited Expense Health Care FSA

    A Limited Expense Health Care Flexible Spending Account (LEX HCFSA) is a new money saving option for employees enrolled in a Federal Employees Health Benefits (FEHB) Program High Deductible Health Plan (HDHP) with a Health Savings Account (HSA), or whose spouse is enrolled in a non-FEHB HDHP with an HSA. The LEX HCFSA is limited to eligible dental and vision expenses ...
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