For some FSA dollars, it's use it or lose it at year's end
Some people who use flexible spending accounts may lose money left in the accounts if they don’t spend it by year’s end
By TOM MURPHY
Published - Dec 20, 2024, 01:58 PM ET
Last Updated - Dec 20, 2024, 01:58 PM EST
A big shopping deadline is drawing near for some people, and it has nothing to do with the holidays.
Millions of people use flexible spending accounts to help pay for health care, and some may lose money left in those accounts if they don’t spend it by year’s end.
There are many ways to spend that use-it-or-use it balance __ think raiding the local drugstore __ but it’s important to understand FSA rules before going on a shopping spree.
Here are some things to consider.
