Health Care Flexible Spending Accounts: What They Are and Why All Employees Should Consider Enrolling in Them

Oct 26, 2017

Just in time for Open Season, this webcast covers the basics of a Health Care Flexible Spending Account (HCFSA)—how it works, its benefits, and limitations. Unlike Health Savings Accounts (HSAs), all permanent employees are eligible to contribute to a HCFSA no matter which health insurance plan they are enrolled in. HCFSAs can be extremely helpful to employees who have out-of-pocket medical, dental and vision expenses that they incur for themselves and dependent family members.

This session will present information about the HCFSA that the government offers and answer questions to help you better understand the program.

You will learn:

  • Who can participate in an HCFSA
  • The tax savings associated with HCFSAs
  • What are the limitations of HCFSAs in terms of contributions?
  • What type of expenses do HCFSAs pay for?
  • The rules for spending the money in the HCFSA
  • Your next steps in order to participate in the HCFSA

Presented by:

Edward A. Zurndorfer

Edward A. Zurndorfer is a retiree of the federal government and is currently the owner of EZ Accounting and Financial Services, an accounting and financial service firm in Silver Spring, MD. He is a Certified Financial Planner (CFP), a Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), Registered Health Underwriter (RHU) and Registered Employee Benefits Consultant (REBC).

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