Flexible Spending Account Calculator
Employee Benefit Specialists will not capture, record, nor use for its own commercial purposes the data elements entered by you into this calculator.
Should I enroll in my Company's Flexible Spending Account Program?
The following worksheet will help you estimate your potential tax savings by signing up for a Flexible Spending Account.
| For most individuals, the tax savings from using a Health Care Reimbursement
Account will significantly exceed the tax credit allowed if you claimed
these expenses on your income tax form. Without an FSA, you can only
deduct health care expenses that exceed 7.5% of your Adjusted Gross Income
on your income tax form. Because FSAs are tax free from the first dollar
you do not have to meet the 7.5% minimum in order to receive the tax