(NewsUSA) - As 2020 comes to a close, the rush of the holiday season will soon turn into a scramble for flexible spending account (FSA) users who have a December 31 deadline. An FSA is an employer-sponsored, tax-advantaged account you can use to pay for eligible healthcare expenses. However, money left at the end of each plan year (or after any applicable deadline extension) is forfeited back to your employer. And there are hundreds, if not thousands, of dollars left on the line for many American families this year.
FSAstore.com believes that using healthcare dollars should be simple and that forfeiting funds shouldn't happen, especially since there are so many ways to use FSA funds to help manage medical conditions and support daily health and well-being.