Health Savings Account
Health Reimbursement Arrangement
Flexible Spending Accounts
Commuter Account
Spending Accounts allow you to easily plan and manage your everyday expenses for health care, child and elder care or commuter expenses. These accounts can use tax-free funds to help cover these expenses and give you the choice and control for when and how you use your money
With most spending accounts, you choose the amount of money you want to contribute. That money is then taken out of your paycheck before you pay taxes. Since this may lower your income, you pay less income tax. Plus, any additional money you contribute on your own is tax-deductible. Other accounts allow your employer to contribute money into an account for you – keeping more money in your pocket.
Each type of spending account helps you save in different ways, so keep exploring to find out more!
