For individuals

Flexible Spending Accounts (FSA)

FSA

How it works for individuals

A Flexible Spending Account helps cover your eligible medical and dependent care expenses, making it easier to manage healthcare costs by using pre-tax funds.

1
Estimate your annual qualified expenses
2
Enroll in your employers FSA plan
3
Use your FSA money to pay for qualified expenses
Get started

FSA

Effortless commuting starts here

With a Commuter Spending Account, you can set aside funds for qualified commuting costs, helping to reduce your daily travel expenses.

Simplify your commute and save with our CSA app

Convenient Tracking: Manage your commuter spending and contributions anytime, anywhere
Real-Time Updates: Stay informed with real-time balance and transaction details
Tax Savings Insights: See how pre-tax contributions reduce your commuting costs

FSA

How FSA savings work

Try calculating your own potential savings by considering your expected medical expenses and tax rate—your actual savings will depend on how much you contribute and your tax bracket.

Calculate
*Illustrated example of family health plan and 30% tax rate
Out pocket
Therapy services
Dental expenses
Vision expenses
Medical expenses
Total expense

$3,000

Tax savings

$900

Ask your employer for more information about Malloy Banks