"Maximizing FSA Benefits: Don't Waste Your Healthcare Money at Year's End"
Nearly half of Americans with Flexible Spending Accounts (FSAs) leave money unused at the end of the year, resulting in an average forfeiture of about $370. However, there are various ways to spend FSA funds before the December 31 deadline, including purchasing Covid tests, contact lenses, pain relievers, paying off medical bills, dental visits, fitness classes, air purifiers, ancestry kits, health tracking devices like the Oura Ring, and massage guns. FSA funds are pretax dollars, providing tax savings, and can be used to stretch healthcare spending.
