FSA Calculator
The Healthcare Flexible Spending Account (FSA) provides significant tax savings to employees. Employees set aside funds on a pretax basis to spend on qualifying healthcare expenses throughout the plan year.
Eligible expenses will be reimbursed up to the IRS set maximum for medical expenses per plan year, and dependent care expenses per calendar year. Any unused money at the end of the plan year could be forfeited based on client plan design. To avoid this, use the calculator below to base your medical FSA or dependent care contributions on an estimate of qualifying expenses that you and your family will have throughout the year.
* The estimated tax savings provided are for illustrative purposes only, and use an estimated average of 30% each year on many out-of-pocket expenses. This should not be construed as tax advice. Consult a licensed tax professional for appropriate advice given your individual situation.
