2018 FSA Changes: The Latest on Flexible Spending Accounts

If you're like most workers, your attitude with regard to employer benefits is probably something along the lines of "the more, the better." Yet a surprising number of employees don't take advantage of one key tax-saving benefit: the flexible spending account. Here's what you need to know about FSAs in 2018 -- and why it pays to sign up for one going into the new year.

FSAs come in two varieties: healthcare and dependent care. Both options work the same way in that you contribute a specific amount to your account, rack up eligible expenses, and then get reimbursed (or, in some cases, get to debit that amount from a prepaid account so you're not actually stuck waiting for a refund of sorts).

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Source: Fool.com