Flexible Spending Account (FSA) is a benefit governed by the IRS and sponsored by your employer. A FSA allows you to pay certain Health Care and/or Dependent Care expenses with pre-tax money. Money is diverted out of each of your paychecks on a pre-tax basis and put into a Health Care Reimbursement Account and/or a Dependent Care Assistance Account.
Health and Dental Insurance Premium Offset: You may have your premium co-payments deducted on a pre-tax basis. This will reduce your gross pay and as such your tax liability.
Dependent Care: This also allows you to have a pre-tax payroll deduction for daycare expenses. Since this is also pre-taxed, it reduces your gross pay and as such, your tax liability.
***NOT ALL OVER THE COUNTER MEDICINES AND ITEMS REQUIRE A DOCTOR'S PRESCRIPTION***
If you want a good reference to see exactly which items do not require a prescription, click on the FSA Store Banner at the bottom of Benefit Strategies home page and look at the list on the left. Items in red do not require a doctor's prescription and the items listed in blue do require a doctor's prescription. Please know that the City is not endorsing that you purchase from that site, it is simply a great listing of what does or does not require a prescription.
Benefits Strategies, LLC
P.O. Box 1300
967 Elm Street
Manchester, NH 03105-1300
Customer Service Phone: (603) 647-4666
(Hours: Mon-Thurs 8:00am - 6:00pm and Fri 8:30am - 5:00pm)
Fax # for claims: (603) 647-4668