As we approach the end of the year, it's the perfect time to take a close look at your Health Savings Account (HSA) or Flexible Spending Account (FSA) to ensure you’re getting the most out of your benefits. These accounts are valuable tools that can help you save money on healthcare costs, but they can also come with specific rules and deadlines. Here are some practical tips to help you maximize your HSA or FSA before the year ends. Review Your Balances Start by checking your account balances. For FSAs, be mindful of the “use-it-or-lose-it” rule, which means you may forfeit any unused funds at the end of the plan year unless your employer offers a grace period or allows...
As the end of the year approaches, it’s a great time to review your Health Savings Account (HSA) or Flexible Spending Account (FSA) and make sure you’re using those benefits wisely.