7 Ways to Maximize Your FSA Account

Though it's only March, it's important to think about your Flexible Spending Account (FSA) throughout the year.

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This post was written by FSAstore.com Compliance Director, Rachel Rouleau

On March 23, 2015, Senator John Barrasso (R-Wyo.) and Representative Erik Paulsen (R – Minn.) introduced new legislation known as The Family Health Care Flexibility Act.

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As April 15 approaches, it's important to consider the benefits of your FSA.

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Though big deadlines have passed for many Flexible Spending Accounts (the December 31 FSA plan-year deadline and the March 15 Grace Period deadline, for example), there's another deadline approaching.

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It's St. Patrick's Day! In honor of the holiday, we wanted to highlight how you can celebrate the day with help from your Flexible Spending Account (FSA). While your FSA may not immediately come to mind when you think of St. Patrick's Day...both have something in common: being green!

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Important Information for The FSA Grace Period Ending on March 15, 2015

"Can you check my Flexible Spending Account balance for me?"

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It's been a long winter, and many of us are ready for spring! In some parts of the country it's still not quite there yet, but this time of year does bring us to spring break, and warm weather travel planning.

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March 15. Why is this particular date important? Well, if you have a Flexible Spending Account (FSA) and your plan year ran until December 31, 2014, you might still be able to use your 2014 money for a variety of FSA-eligible expenses. 

FSA rules have changed a bit since 2013. The U.S. Treasury Department made some changes to the “Use it or Lose it” rule, which allowed employers to give people more options to spend down and use their FSA.

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FSAstore.com Reminds Consumers of Deadline to Spend FSA Dollars from 2014

New York, NY (PRWEB) March 09, 2015 - FSAstore.com, the only e-commerce site stocked exclusively with Flexible Spending Account (FSA)-eligible products, released today five simple steps to prepare for the FSA Grace Period deadline. FSAs that ended on December 31 but with a Grace Period (a two-and-a-half-month extension), have a spending deadline on March 15, by which FSA holders must use any remaining 2014 account dollars. After the Grace Period ends, any leftover FSA dollars will be forfeited.

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Wearable devices are increasingly getting more popular as an incentive employers want to offer to their employees. So it's no surprise then that people wonder if their Flexible Spending Account (FSA) will cover wearable devices like Fitbit or Jawbone Up.

Unfortunately, fitness devices like the Fitbit are typically not considered FSA eligible. Sometimes, a physician might recommend a wearable device, and if you're provided with a Letter of Medical Necessity, you could likely get the item covered by your FSA.

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