A Health Care Spending Account (HCSA) refers to that account that one goes to in order to set aside pretax dollars to cater for health care expenditures. It could be the likes of medical, dental, and vision care, including the costs of prescriptions. HCSAs are generally offered through an employee benefits plan under considerable flexibility to control out-of-pocket health care costs and reduce the level of taxable income. An
health care spending account has provisions that can be used for a wide variety of health-related expenses, so that it may make budgeting and managing the personal healthcare needs of an employee fully realized at the end of the period.
Locked
