Welcome to Flexible Spending Accounts Online – the #1 resource on the Internet to help you get the most from Health Care Flexible Spending Accounts!
Hoping you and your entire family have had a healthy year! The good news is that while health care costs continue to skyrocket, a clean bill of health has kept money in your bank account that otherwise would have been spent on out-of-pocket medical fees. But before you begin celebrating … What’s that pile of change sitting over in your medical flexible spending account?
That’s right – every month you have been setting aside Health Care Flexible Spending Solutions funds to cover medical costs and time is running out. Here comes the bad news … studies have shown that employees on average lose approximately $100 annually in forfeited balances within their employee health care flexible spending accounts. Any money remaining in your flexible spending account on Dec 31 disappears – right into the pockets of your employer.
Use it or lose it … the clock is ticking for getting the most out of your flexible spending accounts.
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