EBRI Fast Facts
Vital Statistics on Flexible Spending Accounts, 2021: An Update From the EBRI FSA Database
Flexible spending accounts are a useful way for workers to stretch their health care spending dollars. Contributions to these accounts are made on a pre-tax basis, and distributions are tax free given the funds are used for qualified medical expenditures. This Fast Fact
sheds some light on the saving and spending data habits of over 2.4 million accounts residing in the EBRI FSA Database.