Kate Ashford

Thanks, Liz. I'm so glad to be back.

The overall purpose of flexible spending accounts and health savings accounts is that you save a buck on purchases that you already know you're going to make. So, I mean, if you know you're going to have to spend the money, you might as well get a tax break freebie while you're at it.

The overall purpose of flexible spending accounts and health savings accounts is that you save a buck on purchases that you already know you're going to make. So, I mean, if you know you're going to have to spend the money, you might as well get a tax break freebie while you're at it.

The overall purpose of flexible spending accounts and health savings accounts is that you save a buck on purchases that you already know you're going to make. So, I mean, if you know you're going to have to spend the money, you might as well get a tax break freebie while you're at it.

For flexible spending accounts, you typically sign up during the open enrollment period at work, which usually happens toward the end of the year. You can usually sign up when you get hired too, if that's not during open enrollment. And then sometimes you can sign up if there's a substantial change in your situation, like if you get married or divorced or you have a child.

For flexible spending accounts, you typically sign up during the open enrollment period at work, which usually happens toward the end of the year. You can usually sign up when you get hired too, if that's not during open enrollment. And then sometimes you can sign up if there's a substantial change in your situation, like if you get married or divorced or you have a child.

For flexible spending accounts, you typically sign up during the open enrollment period at work, which usually happens toward the end of the year. You can usually sign up when you get hired too, if that's not during open enrollment. And then sometimes you can sign up if there's a substantial change in your situation, like if you get married or divorced or you have a child.

For health savings accounts, it's a little different. Technically, you can open an HSA account any time of year, but the catch is that in order to be eligible to contribute to an HSA account, you have to be enrolled in a high deductible health plan at work. And that is something you can typically only do during open enrollment.

For health savings accounts, it's a little different. Technically, you can open an HSA account any time of year, but the catch is that in order to be eligible to contribute to an HSA account, you have to be enrolled in a high deductible health plan at work. And that is something you can typically only do during open enrollment.

For health savings accounts, it's a little different. Technically, you can open an HSA account any time of year, but the catch is that in order to be eligible to contribute to an HSA account, you have to be enrolled in a high deductible health plan at work. And that is something you can typically only do during open enrollment.

There are three things I want to tell you about FSAs. The first thing is that there are two kinds of FSAs and your employer might not offer both, but there's still two kinds, medical FSAs and dependent care FSAs. So with medical FSAs, you can only use the money in the account for medical expenses that your insurance isn't already going to pay for.

There are three things I want to tell you about FSAs. The first thing is that there are two kinds of FSAs and your employer might not offer both, but there's still two kinds, medical FSAs and dependent care FSAs. So with medical FSAs, you can only use the money in the account for medical expenses that your insurance isn't already going to pay for.

There are three things I want to tell you about FSAs. The first thing is that there are two kinds of FSAs and your employer might not offer both, but there's still two kinds, medical FSAs and dependent care FSAs. So with medical FSAs, you can only use the money in the account for medical expenses that your insurance isn't already going to pay for.

So you think about like the co-pay at the dentist or the portion of your medical bills after insurance that you have to pay or stuff that's just not covered, like maybe braces or something. And it's also for your spouse and your dependents. But also with medical FSAs, you can think about like half the stuff that's in CVS.

So you think about like the co-pay at the dentist or the portion of your medical bills after insurance that you have to pay or stuff that's just not covered, like maybe braces or something. And it's also for your spouse and your dependents. But also with medical FSAs, you can think about like half the stuff that's in CVS.

So you think about like the co-pay at the dentist or the portion of your medical bills after insurance that you have to pay or stuff that's just not covered, like maybe braces or something. And it's also for your spouse and your dependents. But also with medical FSAs, you can think about like half the stuff that's in CVS.

So it covers like bandages, saline solution for your contacts, pregnancy tests, antacid, like acne medication. It goes on and on. There's like allergy medicine, cough drops, antihistamines, tampons, teething medications, and even things like toenail fungus treatments, on and on.

So it covers like bandages, saline solution for your contacts, pregnancy tests, antacid, like acne medication. It goes on and on. There's like allergy medicine, cough drops, antihistamines, tampons, teething medications, and even things like toenail fungus treatments, on and on.

So it covers like bandages, saline solution for your contacts, pregnancy tests, antacid, like acne medication. It goes on and on. There's like allergy medicine, cough drops, antihistamines, tampons, teething medications, and even things like toenail fungus treatments, on and on.

This is all stuff people have to pay for anyway. So you might as well save a buck by running the money through an FSA account first. So you don't also have to pay taxes on it. And if you're listening to this and you're like, where is she getting this list of items? You can Google IRS publication 502. There's the list. The second kind as a dependent care FSA is for daycare.