What is a Flexible Spending Account?

A Flexible Spending Account is a fund which allows you to pay for eligible medical expenses with pre-tax money. Doctor office co-pays, bandages, contact lenses, contact lens solution, etc. are eligible expenses. Many employers include the option of a Flexible Spending Account with their benefit package.*

Use it or lose it!

Flexible Spending money must be used by a specific date set by your provider.* If the funds are not used by this specified date, all remaining money is lost.

Here are some tips to make sure this doesn’t happen to you:

• Talk to your company or provider about enrollment and expiration dates.
• Track your exact balance throughout the year.
• Don’t wait until the last minute. Last minute purchases run the risk that they will not be eligible for reimbursement.