A Flexible Savings Account (FSA) lets you set aside pre-tax dollars through payroll that can be used for copays, deductibles, and other everyday health-related purchases. • It’s an employer-sponsored account • The money is never taxed on qualified expenses • Must be used for eligible expenses incurred during the calendar year • Once enrolled, your Lively account is automatically set up Flexible Savings Account LIVELY FSA Video FSA Type(s) Explanation General Purpose Medical, prescription, dental, & vision expenses Limited Purpose Dental and vision expenses only Dependent Care Limited to eligible expenses for dependent care Tax-Free Savings Account View Eligible Expenses
2027 Employee Benefit Guide Page 23 Page 25