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Medical FSA


Guest Melissa Winslow

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Guest Melissa Winslow
Posted

What is the difference between a medical flexible spending account (FSA) and medical reimbursement under a 125 plan? Is there a benefit to one over the other? Any available text to compare/contrast them would be helpful.

Posted

Melissa:

Are you asking about MSAs (Medical Savings Accounts)? Because a Medical Flexible Spending account(FSA) and a medical reimbursement under section 125 are basically the same thing.

Guest Melissa Winslow
Posted

Thanks Lisa -

I just wanted to confirm that medical reimbursement under 125 and FSA's are pretty much the same as it seems the terms are used interchangeably in some literature.

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