FSA (Flexible Spending Account) money is a ‘use it or lose it’ program. Unlessyour FSA provider offers a (i.e. March 15, 2023), most people need to spend their Flexible Spending Account money by December 31, 11:59pm)—before it’s forfeited. Because every program is slightly different, it’s important you check your FSA administrator for more details.
Here’s how
1. Enter the amount left in your FSA account (in US dollars):
$
500.00
2. Browse for items specifically marked as FSA-/HSA- approved
Many online stores (see below) highlight, or let you filter out, FSA-/HSA- approved items. Instead of stockpiling boxes of bandaids or antacids I’ve learned to purchase fewer (more pricey) items that are more valuable. Buy health- and medical-related consumables you use often or find higher-priced items you’d typically be more hesitant to purchase. Make a copy of this doc in order to save