Don't Let Your 2024 FSA Money Go to Waste: All the Eligible Items You Can Buy

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Don't Let Your 2024 FSA Money Go to Waste: All the Eligible Items You Can Buy

//health-fitness.news-articles.net/content/2024/ .. to-waste-all-the-eligible-items-you-can-buy.html

Published in Health and Fitness on Wednesday, December 18th 2024 at 5:43 GMT by CNET
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

If you're running into the end of 2024 with a big FSA balance, don't fret. A long list of items and health services are FSA eligible, including several you may not have considered, like batteries for medical devices, earplugs, yoga mats or sunscreen .

The article from CNET discusses how to make the most of your Flexible Spending Account (FSA) funds before they expire at the end of 2024. FSAs allow you to set aside pre-tax earnings for healthcare expenses, but any unused money typically does not roll over into the next year. The article lists various eligible items for FSA spending, which include not only traditional medical expenses like doctor visits and medications but also over-the-counter drugs, menstrual care products, first aid supplies, and even certain health-related technologies like smartwatches with health monitoring features. It also mentions that some employers might offer a grace period or allow a small amount to roll over, but it's crucial to check your specific plan details. The piece encourages using the funds on a wide array of health-related products and services to avoid forfeiting the money, providing examples like sunscreen, acne treatments, and even some types of fitness equipment.

Read the Full CNET Article at:
[ https://www.cnet.com/personal-finance/dont-let-your-2024-fsa-money-go-to-waste-all-the-eligible-items-you-can-buy/ ]

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