Maximize Your FSA Funds with Last-Minute Eligible Health Purchases
As the end of the year approaches, individuals with health-care flexible savings accounts (FSAs) are reminded to spend any remaining funds before they expire. While some employers offer rollovers or grace periods, many workers end up forfeiting pretax dollars. To make the most of these funds, options include investing in biometric or fitness trackers, scheduling year-end doctor's visits, stocking up on over-the-counter medications, purchasing women's health products and certain skin care items, preparing for a new baby, and using funds for New Year's resolutions such as smoking cessation programs. It is advised to pay attention to FSA balances throughout the year and adjust contributions accordingly to avoid wasting funds.