Max out your FSA before year’s end (Mintlife.com)
November 14, 2012 by Craig Guillot
Filed under Articles and Features
Flexible spending accounts, also known as FSAs, are popular benefits provided by employers that allow workers to set aside money to cover health-related expenses. Contributions are made to the account on a pre-tax basis, which can add up to a lot of savings. The problem is, any funds that aren’t used by the end of the year are forfeited.
As we near the end of the year, it’s wise to spend all of your FSA dollars — lest they disappear forever. From medical procedures to prescription drugs, these funds can be used to cover a variety of expenses, so find out what’s covered and don’t leave money sitting in your account.
