FSA is a program that allows you to set aside
part of your paycheck ona pre-tax basis through
payroll deductions for eligible health care and
dependent care expenses. This program allows
you to reduce your taxable income thereby
reducing your tax liability. Keep in mind that
your FSA account cannot be used to pay for
the cost of over-the-counter(OTC) medicines
(such as ibuprofen and antacids), unless
accompanied by a physician’s written approval.
The annual enrollment period is between
November 1 & December 15. For more
information about the FSA visit the P&A Group
at http://www.paadmin.com or call them at
1-800-668-2611.