Many employer-sponsored health plans offer a variety of options all focused on reducing your tax liability. Health plan premiums are generally paid with pre-tax dollars, reducing your tax liability. The type of plan you choose can have other tax savings benefits. Flexible Spending Account A Flexible Spending Account (FSA) can be used to pay for dependent care as well as medical expenses. Contributions are made pre-tax, reducing your tax liability. If you plan on using it for dependent … [Read more...] about Maximize Tax Savings with Health Benefits