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Optimize Your FSA Funds Before It's Too Late

As the end of 2025 approaches, many people enrolled in Flexible Spending Accounts (FSAs) find themselves at risk of losing hard-earned funds. An estimated $3 billion is forfeited each year as account holders miss the December 31 deadline to utilize their contributions, often averaging about $463 in lost funds per person. FSA Store® is here to guide you through effective strategies to ensure that you make the most of your FSA funds before they expire.

Step 1: Verify Your FSA Balance

The first step in maximizing your FSA is to check your current balance. Many employers or FSA administrators provide online portals that allow you to access your account information easily. Look for your FSA debit card, as the contact information for your administrator is usually printed on the back. Awareness of your balance empowers you to plan your spending effectively.

Step 2: Utilize Available Management Tools

Take advantage of the account management tools offered by FSA Store®. They provide an interactive deadline spending tool that helps you keep track of important dates and spending allowances. With product bundles and price filters, you can ensure your purchases align with your remaining funds. Being proactive promotes responsible spending and prevents unnecessary losses.

Step 3: Explore FSA-Eligible Products

FSA Store® carries more than 2,500 products that are fully eligible for your account. Whether you're searching for over-the-counter medications, skincare products, or health devices, their searchable FSA Eligibility List™ makes it easy to find what you need. Don't forget to check for items that cater to specific health conditions or those from your favorite brands. Make your shopping enjoyable while benefiting your health!

Step 4: Access Telehealth Services

In addition to physical products, FSA Store® offers access to telehealth services. These resources can assist you with a variety of health needs, including weight management, vision care, and mental health support. Take advantage of these services to enhance your health while utilizing your FSA funds effectively.

Important FSA Deadline Facts

While December 31 is the most common spending deadline, it can vary depending on individual employer plans. It’s essential to log in to your FSA online portal or consult with your employer to confirm your specific deadline. Some employers might even offer deadline extensions like a partial carryover of unused funds or a grace period, allowing additional time to spend account funds.

Understanding Extensions

Employers have the discretion to offer extensions or additional spending time, but FSA accounts unable to meet these may lose their remaining balance. Such extensions may include:

• - Partial Carryover: Allows a portion of unused funds to be carried over into the next year.
• - Grace Period: Provides an extra 2.5 months post-plan year for additional spending.
• - Run-Out Period: Typically a 90-day period post-plan year for submitting claims.

Ensure you are fully informed and prepared to avoid forfeiture of your funds.

To find out more about how to properly spend your FSA funds before the end of the year, visit FSAstore.com and take advantage of their educational resources. Health-E Commerce, the parent company of FSA Store®, is dedicated to serving the 70+ million consumers enrolled in pre-tax health and wellness accounts. Since its launch, it has become a leader in providing eligible product options for users, and they continue to evolve by expanding eligibility categories to better serve customers. Don't let your valuable funds go to waste—take proactive steps today to maximize your FSA benefits!