Your flexible spending account (FSA) funds are about to expire, and if you don't use them, you'll lose them. In fact, roughly half of FSA holders have lost funds from their employers in recent years, according to non-profit employee benefits research institute (EBRI).
First, be sure to double-check with your employer about the FSA's December 31 deadline, as well as any potential carryover or grace period. After that, it's time to scan your first aid kit, make a list of everything you need to stock up on, and click “Add to Cart.”
FSA store is the obvious choice for make the most of the remaining fundsbut you can also turn to your favorite retail giants. Amazon, Target, Walgreens and others offer a dedicated FSA/HSA store to help you quickly find eligible items.
How to Buy FSA Eligible Items on Amazon
Here's how you can take advantage of FSA-eligible Amazon items before the end of the year.
1. Visit Amazon's FSA store at Amazon.com/fsa
2. Look for the “FSA/HSA Eligible” label in product listings.
3. Use the FSA/HSA filter in your search results.
4. Pay with your FSA debit card at checkout.
What are your thoughts so far?
Likewise, Target there is an FSA filter in the healthcare section and pharmacies like CVS And Walgreens There are special FSA online stores.
What to buy with your remaining FSA funds
Many over-the-counter drugs and medical supplies are FSA-eligible, including pain relievers, cold medications, bandages, dental care products, menstrual products and more. But did you know that you can also catch these goodies:
Again, most FSA plans require you to spend the funds by December 31, although some offer grace periods. Please check with your plan administrator for specific deadlines. Just be sure to keep receipts for all FSA purchases in case you need to confirm eligibility with your plan administrator after payment.
However you decide to spend your FSA funds, don't let that money go to waste. After all, this money has already come out of your salary.
