FSA: Use it or Lose it

Still have money left over from 2016 in your Connect Your Care flexible spending account?  Remember – it is the use it or lose it rule.  If you do not use the money remaining in your account by the deadline date, you will forfeit the money.  You have until March 15, 2017 to incur eligible expenses for your Health Care FSA.  You had until December 31, 2016 to incur eligible expenses for your Dependent Day Care FSA.  Here are some ways to use your Health Care FSA before the end of the year:

  • Acupuncture
  • Contact lenses
  • Contact solution (You will have to pay out of pocket and submit the receipts for reimbursement.)
  • Dental treatment
  • Doctor’s office copays
  • Eye exams
  • Health insurance deductibles
  • Hearing aids
  • Lasik surgery
  • Over-the-counter medications such as cold medicine, allergy treatment, and pain relievers require prescriptions for reimbursement
  • Prescription glasses
  • Prescription medications
  • Transportation (mileage) to and from doctor appointments

Last updated: March 16, 2017

Last updated: March 16, 2017