Tax Advantaged Accounts

Tax Advantaged Accounts allow employers and individuals to pay for qualified expenses with pre-tax dollars, reducing tax liability.  

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Health Savings Account (HSA)


A tax-advantaged account paired with a High-Deductible Health Plan and used to pay for qualified expenses.

Employees own their accounts, and any leftover funds automatically roll forward for use in later years.

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Flexible Spending Account (FSA)


With an employer-owned FSA, employees enjoy the same tax advantages as an HSA, but funds must be used within the calendar year. Employers also benefit through reduced payroll taxes. 

Types of FSAs include:

  • Healthcare FSA: Pre-tax benefit used to pay for medical, dental and vision expenses. 
  • Dependent Care FSA: Pre-tax benefit used to pay for eligible dependent care expenses. 
  • Limited-Purpose FSA: Pre-tax benefit used to pay for dental and vision expenses only.
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