If your eyes glazed over when the HR rep at work begins to explain Flexible Savings Accounts that are taken right out of your paycheck, you missed out on the chance to save hundreds of dollars per year. That’s because FSAs can be used on a variety of medical expenses, and the money placed in them is tax-free income. Consequently, you can save an average of $450 per year by using an FSA. Now you’re paying attention! Columnist Gregory Karp gives all of the details in this recent column, which explains the many benefits of FSAs for those who dozed when those initials were explained during the orientation meeting at work. Read full article.