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Frequently Asked Questions Insurance

What is the Federal Flexible Spending Account Program (FSAFEDS)?

FSAFEDS is a Flexible Spending Account (FSA) program for Federal employees.  It is a voluntary tax-favored program that allows employees to pay for eligible out-of-pocket health care and dependent care expenses with pre-tax dollars.  It is an account where participants contribute money from their salary before taxes are withheld, then get reimbursed for their out-of-pocket health care and dependent care expenses.  Rules and regulations are governed by the Internal Revenue Service (IRS).

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