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 open season, can help employees reduce their taxable income and save on yearly health or dependent care costs.
The four-minute video, “2020 Flexible Spending Accounts,” explains the different types of FSAs and offers tips on which one might fit an employee’s current needs.
Employees can learn more about FSAs on the Open Season LiteBlue page.
Open season, the annual period when employees can make changes to their benefits, ends Monday, Dec. 14.