USE IT OR LOSE IT!!! Maximize Your FSA Before Year-End

As the year winds down, it’s time to check your Flexible Spending Account (FSA) balance—and make sure you’re not leaving money on the table.
FSAs let you set aside pre-tax dollars for eligible health expenses like copays, prescriptions, dental care, and more. But unlike Health Savings Accounts (HSAs), most FSAs follow a “use-it-or-lose-it” rule: any unused funds may expire at the end of the plan year.

What You Can Do Before December 31:
• Book appointments: Schedule checkups, dental cleanings, eye exams, or therapy sessions.
• Stock up: Buy eligible items like contact lenses, first-aid supplies, sunscreen, or over-the-counter meds.
• Submit claims: Don’t forget to file reimbursements for expenses you’ve already paid.

Quick Tip:
Some employers offer a grace period or allow limited rollover (up to $640 in 2025). Check your plan details so you know your deadline.

What About HSAs?
HSAs are different—they’re tied to high-deductible health plans and offer triple tax advantages. Best of all, unused funds roll over year to year, making them a powerful long-term savings tool.

Wright Eye Care Center - J. Britt Wright, O.D.

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