What is an FSA?

FSA stands for Flexible Spending Account: An FSA allows you to pay predictable, eligible expenses with pre-tax dollars, lowering your taxable income and saving you money.

What is the difference between a Health Flexible Spending Account and Harvard’s Co-Pay Reimbursement Benefit?

Eligible Harvard employees have two types of reimbursement accounts to help cover eligible healthcare expenses. The Flexible Spending Account is an employee-funded, tax-preferred account available to all employees and can be used to cover many kinds of eligible out-of-pocket health expenses; you must enroll in this benefit. The Co-Payment Reimbursement program only covers co-payments above certain thresholds and is only available to employees earning less $95,000; you do not need to enroll in this benefit.