Use It Or Lose It – Understanding the Rules Governing Your Flexible Spending Account
Even when you have solid health insurance, there are some things your health plan will not pay for. From deductibles and co-payments to charges for brand-name and generic medications, there are plenty of out-of-pocket costs associated with the typical doctor visit, dental exam or hospital stay.
If you want to get a handle on those unreimbursed healthcare costs and make the most of your employer-sponsored benefits, you may want to sign up for a flexible spending account. A flexible spending account, or FSA, allows you to put money aside out of every paycheck on a pre-tax basis and use those funds for qualified healthcare expenses throughout the year.
A flexible spending account ...