Flexible Spending Account Money Will Soon Evaporate. Don’t Let the ‘Use It or Lose It’ Rule Catch You by Surprise.

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It’s time to use it or lose it for many folks with flexible spending accounts, the tax-advantaged vehicles that help you pay for medical expenses. Money in FSAs generally must be used within your health insurance plan year. Employers are allowed — but not required — to offer one of two extensions of sorts, according to the federal government. But both are limited. Employers can: Healthcare.

Karla Bowsher

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