Creative Ways to Use Your FSA Balance

Creative Ways to Use Your FSA Balance

Flexible spending accounts (FSAs) are governed by the Internal Revenue Service’s use-it-or-lose-it rule, meaning any unused funds in your account at the end of the year may be forfeited. It’s estimated that $1 billion of unused medical FSA funds will be forfeited this year alone. That’s a lot of unused money! You can always use your funds on optical checkups, annual bloodwork, and prescriptions

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Flexible Spending Account (FSA)

Health savings account HSA, FSA, or HRA use