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Flexible Spending Account (FSA) Available to you if offered by your employer, and no requirement to be enrolled in any type of health plan to gain access. Lets you save pretax money for qualified, out-of-pocket medical expenses. Allows tax-free withdrawals (also called distributions), as long as the money is used for qualified out-of-pocket medical expenses like doctor visits, copays, dental and vision, and prescriptions.
Get Good with Money: Ten Simple Steps to Becoming Financially Whole
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