Save on health care and income taxes
Health care costs can be a big part of your monthly budget. Even with health insurance, you probably have medical costs that aren’t covered. That’s where HealthPartners Empower FSA plan comes in to play.
There are four FSAs to choose from (check with your employer for more information):
What is an FSA?
A flexible spending account (FSA) lets you put money into a special account for eligible health care, dependent care, and transportation costs. It is tax-free and that means more money in your pocket!
How does an FSA work?
An FSA is a special account you put money in from each paycheck before taxes are taken out. You decide how much you want to put into your FSA. This is called your election amount. Then, use your FSA dollars to help pay for things such as health care, dependent care and more! When you have an eligible cost, you simply pay yourself from your FSA. If you use up your FSA dollars, you will be responsible for paying any remaining costs out of pocket.