Here's a high-level view of FSA's courtesy of SBS Administrative Services.
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*Please note, some of the information included in the video (ex. information on how to submit claims) is specific to SBS. Also, the amounts shown as an election are entirely representative. The most the government allows you to put in an FSA is $2,550.00, however, an employer may set a limit under this amount. Finally, the $500 rollover as well as the grace period are optional and determined by the employer*
What is an FSA?
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