FSA Debit Cards: Flexible Spending Accounts Made Easy

| Total Words: 623

A flexible spending Account (FSA) is a way for you to put money aside tax free for important expenses. These accounts can potentially save you hundreds of dollars in taxes, but they often require a lot of paperwork so that you can prove you bought the “qualifying” product or service. FSA debit cards are relatively new to the market and make the process of having an FSA smoother and faster than it used to be. Now you can sit back and enjoy your lower tax bill without the hassle that used to come with keeping track of, copying, and submitting all your proof of purchases and receipts.

First some background. There are primarily three types of flexible spending account:

1. The Health Care FSA (also known as Medical FSA, Medical Expense FSA, or simply Health FSA), where qualified medical expenses are put aside. These can include insurance deductibles, co-payments, and coinsurance costs as well as specific products, treatments, and medications not specifically covered by insurance. Medical issues can be serious, or as simple as buying a years worth of band-aids.

2. The dependent care FSA, where qualified child care (such as day or after care) expenses...

To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...

** PLR to VIDEO: Create Awesome Videos From PLR Articles... FAST!...