A new video explains the importance of flexible spending accounts (FSAs), one of several options available to employees during the open season benefits enrollment period.
FSAs can help employees reduce their taxable income and save on yearly health or dependent care costs by as much as 30 percent, the video notes.
The 4-minute segment also explains the two types of FSAs and offers tips on which one might fit an employee’s current needs.
Employees can learn more about FSAs on the Benefits LiteBlue site.
Open season, the annual period when employees can make changes to their benefits, ends Dec. 12.