What does FSA (Flexible Spending Account) mean?

An employer-established account funded before taxes for eligible expenses; unused money can be forfeited, although a plan may offer a limited carryover or grace period.

Illustration — not a plan price

Check the employer plan's eligible-expense, deadline, carryover, and grace-period rules before choosing a contribution.

The actual plan document controls. Verify its definitions, network, exclusions, dates, and amounts before relying on the illustration.