Don’t Forget About FSAs This Open Season

NTEU National President Tony Reardon
NTEU National President Tony Reardon

While you’re busy deciding on your health insurance coverage, don’t miss out on another thing you can do this open season: enroll in flexible spending accounts (FSA) under the FSAFEDS program.

Contributing money to a federal Flexible Spending Account (FSA) reduces your taxable income. You save money by paying less taxes.

In his new “Know Your Facts” column in GovLoop, National President Tony Reardon outlines the three different FSAs available and explains how they can save you hundreds of dollars each year.