Employees forfeit approximately three billion dollars in Flexible Savings Account (FSA) contributions each year. According to the Employee Benefit Research Institute, 40% of employees give up some portion of their FSA contributions, losing approximately $300 to $400 dollars. For many employees, the FSA spending deadline is December 31st. If you still have money left in your FSA and are faced with a year-end deadline, now is the time to spend your FSA dollars.
Notes:
1. First aid items.
2. Pain relievers.
3. Sunscreen.
4. Allergy relief medication.
5. Medical devices.
Resources:
More Than Money Facebook Group
Christian Financial Counselor Program
Episode Sponsor:
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