We’ve been long-time users of the Flexible Spending Account (FSA) to pay for medical related expenses on a pre-tax basis. This has been helpful for paying our co-pays, over-the-counter medications and other medical expenses. In fact, we calculated pretty well to save extra in our FSA when we knew we were going to have our children. All [...]
Tag Archives | FSA
Flexible Spending Account (FSA) Planning: The Grace Period and Run-Out Date
The Health Care or Dependent Care Flexible Spending Arrangement (FSA) is commonly referred to as a “use it or lose it plan.” This means the amount of money in the plan must be used up by the end of the year or you forfeit the balance. Your employer is not able to pay you the [...]
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