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How can I benefit from participating in a Flexible Spending Account (FSA)?

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The Great-West Healthcare, now part of CIGNA, FSA lets you use pre-tax money for eligible medical and dependent care expenses. By having this money deducted from your paycheck, you pay less in taxes and have money available when you need it to pay for covered services. There are two types of FSAs: 1. Health care FSA, for reimbursement of out-of-pocket medical expenses incurred by you and your dependents 2.

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