Don't Get Caught in the FSA Use-It-Or-Lose It Rush
January 8, 2016
Most employers place a December 31st deadline on spending funds in Flexible Spending Accounts, explains NCPA senior fellow Devon Herrick. The suppliers of medical goods and services experience a rush at the end of the year as workers with FSAs scramble to spend down their unused funds. Consumers hoping to avoid wasting money or losing remaining FSA balances should plan ahead and schedule end-of-year medical appointments months well before December rolls around.
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