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 [...]
Tag Archives | Health Care FSA
FSA Balance: How To Spend It
If you signed up for a healthcare FSA this year you probably know it’s a use it or lose it plan. In other words, if you have a balance at the end of the plan year, you will lose the money if you don’t spend it on eligible expenses. Also, your employer isn’t permitted to [...]
Health Care Flexible Spending Account – A Good Benefit
Our family has used a health care flexible spending account (FSA), sometimes called flexible spending arrangement, offered through my employer benefits plan for the last several years. The health care FSA benefit offers some excellent conveniences worth mentioning for individuals or families considering signing up for the plan. At the same time, there are a few things [...]
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