March 2, 2007, Newsletter Issue #66: The FSA – Use It; Done't Lose It

Tip of the Week

You will forfeit any funds in your FSA that you don't use them by the end of the year or the following year, depending on when you or your company signed up. If you find that you have some extra cash in your FSA and need to use it before the end of the year, stock up on over-the-counter medical supplies like Band-Aids, cold and flu tablets and aspirin; order a six-month supply of contact lenses and solution; or schedule an extra session with your therapist.
There are also programs such as Quicken’s Medical Expense Manager, at www.quicken.com, that can tell you when you've met your deductibles or how much money is left in your health FSA as well as alert you to potential savings such as overlooked tax deductions and possible billing errors

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