An exclusive Money analysis finds that 47% of workers failed to drain their FSA balances in 2023, adding up to billions in ...

Flexible spending accounts are a powerful tool for employees, but there's a lot you need to know about getting reimbursed from them.

or FSA, so you can use it on medical expenses over the course of the year. What’s considered a “medical expense” is actually pretty far reaching. It can cover insurance deductibles ...

You can use your FSA savings to pay for certain medical expenses such as deductibles, co-pays, or medical appointments. According to the IRS, some qualifying expenses include, but are not limited ...

You have immediate access to the amount you elected to contribute to the FSA for the year, even if you haven't yet funded your account. Money can be used only for qualifying medical expenses.

Visit the Healthcare FSA Calculator to calculate your savings. Eligible expenses include: The physical card itself is issued for a 3 to 5 year period. They just "reload" it each year you make an ...

When Pamela Herd enrolled in a medical flexible spending account through her employer in 2024, she tried, as reasonably as she could, to forecast her family’s out-of-pocket health care costs for ...

If you find that you have unspent FSA funds in the first few months of ... you may want to do so strategically if you have a large medical expense – say an elective surgery – that's coming ...