Flexible Spending Accounts
The PWCS Flexible Spending Accounts (FSAs) is administered by P&A Group. Annual re-enrollment is required for every Flexible Spending Participant. All full-time employees are be eligible to enroll in the Flexible Benefit Program.
Enrollment is necessary each plan year if you wish to participate in the Flexible Benefit Program. Please keep this in mind as you consider your contributions. Unclaimed contributions will be forfeited 90 days after the close of the plan year.
A Flexible Spending Account is a program that the federal government allows an employer to sponsor. It enables you (the employee) to save federal, state and Social Security (FICA) taxes on the money you use to pay for eligible expenses. The tax savings will increase your take home pay. If you choose to participate in this valuable benefit, you and your eligible dependents can pay for medical, dental and vision expenses, and dependent day care expenses on a tax-free basis. Under the plan, only the expenses of a participant, a participant's spouse or a participant's dependent(s) qualify for pre-tax treatment.
You can use your Flexible Spending Account debit card to purchase FSA-eligible products at FSAstore.com.
You can use your FSA debit card to pay for Dependent Care Expenses with your childcare provider. *You can only access the amount of funds that have been deducted year to date in your Dependent Care account.
**Remember, only contribute money you are confident you will use to pay for qualified expenses during the plan year.