4 steps to avoid forfeiting FSA funds:

• Check your FSA balance today. Your employer or FSA administrator is a good place to start for this information. You may even have access to your FSA information via an online portal. This would be offered through your FSA administrator, whose information can often be found on the back of your FSA debit card.
• Ask about your deadline and any rollover amount or deadline extension your employer might offer.
• Use the searchable FSA eligibility list at FSAstore.com to shop for everyday health products, including: over-the-counter medications, specialty skincare products, infant and toddler care, sunscreens and lip balms with SPF, diabetes supplies, high-tech monitoring and diagnostic devices, drug-free pain relief, chronic condition management supplies, and more. Consumers can also shop for products that fit within their remaining FSA balance or price range, or even shop by health need and brand name.
• Shop the sales at FSA Store, including the “12 Days of Tech” sale that runs through December 15. Take advantage of daily specials on digital health products with this special promotion.

Important FSA deadline facts:

• The December 31 use-it-or-lose-it deadline is the date by which, for many account holders, the FSA balance must be spent or remaining funds are lost.
• While December 31 is the most common spending deadline for FSAs, this deadline can vary based on an employer’s plan year. Account holders should log in to their FSA online portal, if available, to verify their deadline, or check with their employer or FSA administrator.
• An employer may offer an FSA deadline extension, such as a partial carryover of unused funds (when an employer opts to allow employees to carry over a portion of unused FSA funds from one year to the next); a grace period (an extra 2.5 months after the plan year end date – typically March 15 – during which you can spend FSA funds from the previous year on new expenses); and/or a run-out period (a timeframe after your plan year – usually 90 days – during which you can still submit claims for reimbursement from the previous year).
• An FSA may have a carryover option or a grace period but not both, and/or a run-out period. Deadline extensions are completely optional and are determined by the employer.

To learn more about the FSA deadline and how to spend funds before December 31, visit FSAstore.com and the FSA Learning Center.

About Health-E Commerce
Health-E Commerce is the parent brand to FSA Store, HSA Store and WellDeservedHealth, a family of online stores that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts. The company also created Caring Mill, a popular private-label line of health products through which a portion of every purchase is donated to the Children’s Health Fund. Since 2010, the Health-E Commerce brands have led the direct-to-consumer e-commerce market for exclusively pre-tax health and wellness benefits. Health-E Commerce plays an essential role in expanding product eligibility for important new categories within the list of eligible medical expenses.

Media Contact

Barbara Tabor, FSA Store, 651-230-9192, [email protected], https://fsastore.com/

SOURCE FSA Store