If You Are Questioning A Specific Expense, First Check With Your Fsa Administrator On Eligibility.) Some Fsa Account Holders May Have A Carryover Option That Allows Them To Carry Over Up To $500 In Fsa Funds To The Next Plan Year.

For people with a Grace Period deadline, this is the final chance to spend down remaining FSA funds from 2016, or risk forfeiting those funds. According to a recent FSAstore.com survey, approximately 42 percent of employers offer a Grace Period, which gives individuals a two-and-a-half month extension to use FSA money that they contributed to their account in the prior plan year. Press Release Follow seattlepi.com on Facebook and Twitter . Helpful ways to use your FSA prior to the Grace Period deadline View a complete Eligibility List at FSAstore.com (or visit http://www.irs.gov Green Rush ) to see if the products you need are eligible for reimbursement with your FSA. According to FSAstore.com customer data, some of the most commonand not so commonexpenses include: Services from dentists, orthodontists, physicians, acupuncturists and chiropractors Smartphone-enabled, wireless blood pressure monitors and wrist-worn monitors Sunscreen and sunscreen lip balm (SPF 15+, broad spectrum) Baby health care products (nasal mist, breast pumps and supplies, etc.) First-Aid kits and products Heart rate monitors Gym memberships Medical marijuana (Could be eligible when prescribed by a physician or when subject to medical necessity with appropriate documentation. If you are questioning a specific expense, first check with your FSA administrator on eligibility.) Some FSA account holders may have a Carryover option that allows them to carry over up to $500 in FSA funds to the next plan year. An employer may offer an FSA Carryover or Grace Period option, but not both. Employers are not required to offer either option. To learn more about FSAs, including deadline, eligible expenses, over-the-counter drugs, and answers to frequently asked consumer questions, visit the Learning Center at FSAstore.com. About FSAstore.com/HSAstore.com As a 2016 Best Places to Work in New York City company and one of the 2016 Deloitte Fast 500 Technology winners, FSAstore.com/HSAstore.com was founded to make it simple and convenient to spend, manage, and use an FSA/HSA.

To read more visit http://www.seattlepi.com/business/press-releases/article/For-People-with-a-Flexible-Spending-Account-10940150.php

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