
- December31 2004
- Volume 11
- Issue 24
Use It or Lose It
The catch:
That's the word if you have a flexiblespending account (FSA) to help you payfor health care items that aren't coveredby your health insurance. Anything inthe FSA that you don't spend by year-endis gone. This year, for the first time,you can stock up on over-the-counteritems like aspirin and contact lens solutionand get reimbursed from your FSA.The language in the USTreasury Department ruling allowingsuch payouts is very broad, so your FSAadministrator is guided only by wordingthat says medications taken for "medicalcare" are eligible, while those that are"merely beneficial" are not. Antacidspass the test; vitamins, in general, donot. For more information on what's eligible,visit www.drugstore.com/fsa.
Articles in this issue
about 18 years ago
Red vs Blue: Which Side Are You on?about 18 years ago
On the Frugal Sideabout 18 years ago
Check Your Policyabout 18 years ago
PRN: The Roots of Our Prosperityabout 18 years ago
Did You Know?about 18 years ago
Banks: We Hear Youabout 18 years ago
Spitzer's Warsabout 18 years ago
Build Teen Savingsabout 18 years ago
Stop Orders Explainedabout 18 years ago
Bonus Time?Related to this article








