If you’ve got a Flexible Spending Account (FSA), congrats—you’ve got a secret stash of pre-tax money just waiting to work for your health.
But here’s the catch: if you don’t use it, you could lose it. Yep, unspent FSA funds can disappear when the plan year ends. So let’s make sure you’re getting every last dollar’s worth.
Wait, What’s an FSA Again?
A Flexible Spending Account is an employer-offered benefit that lets you set aside money (before taxes!) for eligible medical expenses.
You can use it for:
- Co-pays and deductibles
- Prescription meds
- Vision and dental care
- Mental health visits
- Tons of everyday health products
⏳ The Clock Is Ticking—What’s the Deadline?
Most FSAs follow the calendar year, with a deadline of December 31, but some employers offer:
- A grace period (extra 2.5 months to spend)
- Or a carryover (up to $640 in 2024 can roll over)
Smart (and Surprising) Ways to Spend FSA Dollars
- Over-the-counter meds (no Rx needed now!)
- Menstrual products
- First aid kits
- Acupuncture & chiropractic care
- Sleep aids (like white noise machines or sleep masks)
- Prescription glasses or contacts
- Thermometers, BP monitors, and health tech
- Sunscreen
- Mental health therapy or counseling sessions
Pro tip: Some FSA plans give you a prepaid debit card—shop online at FSA-approved retailers with zero hassle.
Don’t Let It Go to Waste
Use your FSA to stock up, schedule overdue care, or try something new. Because self-care that’s already paid for? That’s a no-brainer.
Your Action Step
- Log in to your FSA portal
- Check your balance & deadline
- Plan a few smart purchases