Flexible Spending Accounts: Medical Care and Dependent Care Reimbursement Accounts
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Flexible Spending Accounts ("FSA") are accounts where you can set aside money PRE-TAX to help pay for either out-of-pocket medical expenses and/or daycare expenses. This page provides a lot of information so you can understand exactly how each type of account works.
The open enrollment period for the flexible spending accounts is held in November and/or December for a January 1st effective date.