Tax Savings

To save money, sometimes you have to think outside the box

 

HSAs, FSAs, and Dependent Care plans can save money. Health Savings Accounts, Flexible Spending Accounts, and Dependent Care Assistance Plans allow you pay for medical spending and child care with pre-tax dollars. Deductions are limited with the new tax law, so take advantage of these plans to save 10%-40% on your spending for these expenses.

 

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Tax Advantaged Accounts

Below are some brief descriptions of our three main savings account options. Click the buttons to view a short video explanation about each. You can find more in-depth descriptions and additional videos on our Flores Spending Accounts Page, accessible through the Benefits Library.

Health Savings Account

Health Savings Accounts are a great way to save money and be proactive when electing the High Deductible Health Plan.

Flexible Spending Account

Flexible Spending Accounts allow you to contribute to a spending account and reserve money for IRS approved medical expenses.

Dependent Care Assistance Plan

Dependent Care Assistance Plans help you pay for daycare, after-school care, summer day camps, and elder care.

Want more information on saving money with pre-tax spending?