In simpler terms: it’s use it or lose it. An FSA is a pre-tax account designed to help with your medical expenses. As 2025 nears and you have an FSA, go check your balance and understand your ...

In 2025, that amount jumps to $3,300. The biggest drawback to an FSA is the “use it or lose it” factor, meaning you lose ...

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

But there is one model that stands out beyond the rest. The "Use It or Lose It" (UIoLI) model is a special type of agreement. The business offers the customer a certain amount of product or ...

A flexible spending account, or FSA ... That means that if you don’t use up the money you saved by the end of the year, you could lose it entirely. According to Lei Han, CPA and associate ...

A quick PSA: The last day to use up your pre-tax dollars in your 2024 Flexible Spending Account is March 15, which is a little over two weeks away. If you have a “use it or lose it” policy and ...

Source: IRS. Pros and Cons HSA FSA Pros Contributions can be invested. Account funds are not "use it or lose it" -- money remains in your account until you choose to withdraw it. You have ...

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

Herd has been racing to use up her extra FSA funds. She anticipates still forfeiting around $500. “Those guesses have real costs,” she says. “If you guess way too high, you lose that money.