The importance of flexible spending accounts (FSAs) is explained in a newly updated video from the Postal Service.
FSAs, one of several options available to employees during the open season benefits enrollment period, can help participants reduce their taxable income and save on yearly health or dependent care costs.
The 4-minute video 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 page.
Open season, the annual period when employees can make changes to their benefits, ends Dec. 11.