Only have a little of your FSA balance left? Check out these small items from FSAstore.com and be sure to use the remaining dollars before it's too late.
These small FSA eligible products from FSAstore.com make a big impact!
For many flexible spending account (FSA) holders, December 31st marks the end of their FSA year, and any funds that are left unspent will be forfeited. While some account holders may be able to take advantage of the FSA Grace Period until March 15 or others have a Carryover, many more will need to spend down their accounts quickly in advance of the deadline.
At FSAstore.com, we have the web's largest selection of FSA eligible products, so it's easy to liquidate your account balance with items to support your family's continued good health and wellness.
Here are a few to keep in mind as December 31 approaches and you need to deplete your FSA balance:
1) Pocket First Aid Kit
This is a great option for families with small children, as these kits can fit in a back pocket, purse or backpack and give parents an easy way to handle scratches, blisters and cuts on the go. There's even space for an emergency contact card so you can keep vital health information on-hand in the event of a major emergency.
In the depths of winter, dry air can wreak havoc on your lips and leave them dry, chapped and uncomfortable for days on end. Daily use of lip balm can alleviate this condition, but give yourself an extra layer of protection against UVA and UVB radiation from the sun with an SPF lip balm.
There's nothing worse than suffering through the coughing, sneezing and stuffy noses of common cold and allergies only to experience discomfort from abrasive, dry tissues. Nose wipes are great to have around the house to provide cooling relief that won't irritate your nose and can perform a variety of tasks year-round.
Over-the-counter (OTC) pain relievers can handle everyday headaches, muscle and joint pains, as well as acting as fever reducers, anti-inflammatories and much more. If you're running low on these at home,check out hot and cold packs, and even this fun one for the kids at home!
If you're wearing a pair of uncomfortable shoes, each step you take will put undue stress on the arch and heel, which could lead to more advanced foot pain issues over time. Cushioned inserts will dramatically improve the support of dress, work and casual shoes to absorb shock and relieve foot pain.
Information for The FSA Grace Period Ending on March 15, 2014
Why Can't I Check My FSA balance via FSAstore.com?
FSAstore.com is a retailer exclusively selling FSA eligible items. We are not an FSA administrator or provider. We do not have access to any information about your Flexible Spending Account including your remaining balance, claims details, payment history or more.
Grace Period Details
If you have a Flexible Spending Account (also known as an FSA), you could have a Grace Period ending this Saturday (March 15). What does that exactly entail? Well, an FSA lets you set aside pre-tax money toward health-related expenses.
Any funds that you don't use by the end of the FSA plan year are forfeited (unless you have a Grace Period, which gives you two and a half months to still spend down your FSA). In this case, the March 15 Grace Period deadline stems from plan years ending on December 31, 2013. Depending on when your plan-year ends and if your FSA even offers a grace period, you could have a different date for your grace period. March 15 happens to be a popular grace period deadline.
Tips to Avoid Losing Your 2013 FSA Dollars
Remaining FSA money cannot be refunded to you. Spend down any remaining funds to avoid losing them on March 15!
Think about any expenses you've incurred since the end of last year. Make sure to submit any claims before March 15.
Check if you have a Grace Period or a run-out period.Some FSAs have a run-out period, which is not the same as a grace period. A run-out period lets you get reimbursed for any expenses incurred during the previous plan year (so, you cannot use your FSA for any new expenses). You have until March 31 until the run-out period ends.
Trying to figure out how to spend down your 2013 FSA? Browse covered FSA eligible expenses via our FSA Eligibility List.
IRS Changes Made in 2013
Last year, the IRS & Treasury made changes to FSAs. Employers are now allowed to offer a carryover of FSA funds (up to $500) to the next year. Not every FSA has this option. Alternatively, employers can continue providing an FSA Grace period. To find out which of the two options applies to your FSA, contact your FSA administrator this week.
Where Can I Find My Flex Spending Account Information?
Want to know how much money is left in your Flexible Spending Account? Simply need to check the status of a claim or need to submit a claim for reimbursement? Do you know the deadlines your plan has by which you must use your FSA dollars to avoid losing them?
People often wonder about all of this FSA account information. The main source for your FSA account is your FSA provider, also known as a Third Party Administrator (TPA). FSA providers work with your employer to administer your FSA account - it’s safe to think of them as a type of “gatekeeper” to your FSA.
Through your FSA provider, you can access your FSA balance, submit or monitor claims for reimbursement, check payments made from your account, and sort out any other information you may need. Many TPAs offer FSA information online. You should ask your TPA about documentation known as a Summary Plan Description, which contains important details about the benefits included in your FSA account.
Our FSAstore.com customer service team often gets requests to look up personal FSA balance information. However, FSAstore.com does not have access to your FSA account. Please contact your TPA with any questions pertaining to your FSA.
FSA administrator contact information is accessible via the following options:
1. If you have an FSA Debit card, the TPA’s number should be listed on the back of the card.
2. You can ask your HR department representative who your FSA provider is.
3. If you know your TPA or have issues finding contact information, consult FSAstore.com’s Contact Us page for information on almost 100 FSA providers.