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A Flexible Spending Account allows you to dedicate pre-tax money to eligible health care and out-of-pocket costs for you, your spouse and your dependents. Employers who offer this benefit will withhold a certain amount of money each paycheck, pre-tax, for your FSA account. The money accumulated in your FSA account must go toward qualified healthcare expenses throughout the year.

Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.