Basic health care open enrollment questions
What is a flexible-spending account
If you have this type of service, you are able to have a certain amount of your paycheck saved in an account that you can use for health care services. This money is taken out of your paycheck before taxes in regular increments.
The money in this account may be applied to costs that come with health care, such as co-pays, depending on your plan.
Towers Watson said that because of recent health care legislation, over-the-counter drugs such as aspirin and cold medications are no longer eligible expenses for reimbursement unless you a have a prescription from your doctor.