Time to Use or Lose Your Flexible Spending Account Funds

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Bankrate.com has a great reminder about year-end deadlines for Flexible Spending Accounts. Check your balances and your company’s policies, or you might leave some benefit dollars on the table. Also remember that next year, most over-the-counter medications (such as cough syrup, pain relievers, allergy medicines, and antacids) will require a prescription to be eligible for reimbursement from your FSA. I’m stocking up now to use up my excess FSA funds.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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