ContributorNetwork - Tuesday, March 15, 2011, is your last chance to use the money in your Flexible Savings Account, also known as a Flexible Savings Arrangement (FSA). The FSA is a savings vehicle some employers offer which comes with tax-free benefits. Employees designate a percentage of their paycheck to be diverted to the FSA pre-tax. The FSA can be used throughout the year to pay for qualified medical expenses, including out of pocket medical expenses. Co-payments for appointments with doctors, dentists, specialists and prescription drugs are covered. The downside of the FSA is that if you don't spend the money socked away in your FSA account, you lose it. What happens if you don't spend it? The money goes back to your employer.
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Diseases & Conditions FSA: March 15 is Use it or Lose it Day
(ContributorNetwork)
Diseases & Conditions FSA: March 15 is Use it or Lose it Day
(ContributorNetwork)
