For a number of years I didn't even participate in this, and eventually I put in a little and a little bit more.
You get to put in money before tax and spend it on stuff that insurance doesn't cover but you need - like braces for your kid, for example, or copays.
There are ways to deduct medical expenses, but unless you rack up huge bills it's usually impossible. But, with FSA, the works pretty much already done for you (just need to remember to save the receipts).
So, as I paid the bill for my sons braces today, I was grateful for FSA
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