Page 9 - Digitial Booklet-CA-FSA

Flexible Spending Account
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Colonial Life benefits counselor
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Healthcare FSA
A healthcare flexible spending account (FSA) is a smart and easy way to
save money while protecting yourself and your family from expensive
medical-related bills. Whether you have frequent anticipated medical
costs, or simply want to be prepared financially should an unforeseen
accident occur, allocating funds to an FSA can save you up to 30% on
eligible healthcare expenses. Since the funds are pre-tax, every dollar you
contribute earns you more in tax savings -- and with the rising cost of
healthcare, every dollar matters.
Dependent Care FSA
If you have a child or disabled loved one, you might rely on services like
day care or home aide to be able to go to work and provide for your
family. Lessen the financial burden of these necessary services, while
being able to better afford the best-in-class care your loved one deserves,
by enrolling in a dependent care flexible spending account (DCA).
Because the account is funded from pre-tax payroll deductions,
contributions you make to a DCA can help you save up to 30% on the
costs associated with the daily care of an eligible child, elderly parent, or
other dependents that are unable to care for themselves.
Online Calculator
Healthcare FSA Video
Dependent Care FSA Video
Forms & Resources