Health FSA Calculator
Health Flexible Savings Accounts (FSAs) can help you manage health care costs by allowing you to save pre-tax dollars and then use that money tax-free for eligible expenses. You can use a Health FSA for qualified medical, dental and vision out-of-pocket healthcare expenses like co-pays, coinsurance, deductibles, prescriptions, glasses, vision correction surgery, dental and orthodontia services and more. Keep in mind that your contributions do not roll over year-to-year, so it's important to understand how much you should save. Check out our calculator to plan your savings amount and understand how much you might save in taxes.
Flexible Spending Accounts offered by Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC). Administration services provided in part by WEX Health, Inc.
This highlights some of the benefits of a Flexible Spending Account. If there is a discrepancy between this material and the plan documents, the plan documents will govern. Subject to any applicable agreements, Voya and WEX Health, Inc. reserve the right to amend or modify the services at any time.
The amount saved in taxes will vary depending on the amount set aside in the account, annual earnings, whether or not Social Security taxes are paid, the number of exemptions and deductions claimed, tax bracket and state and local tax regulations. Check with a tax advisor for information on whether your participation will affect tax savings. None of the information provided should be considered tax or legal advice.