It’s now or never: Use flexible spending account (FSA) funds now to avoid forfeiture to the December 31 deadline

Dec 27, 2024 | Press Releases

10 surprising FSA purchases to make now:

Important FSA deadline facts:

  • While December 31 is the most common spending deadline for FSAs, this deadline can vary based on an employer’s plan year. Account holders should log in to their FSA online portal, if available, to verify their deadline, or check with their employer or FSA administrator.
  • An employer may offer an FSA deadline extension, such as a partial carryover of unused funds (when an employer opts to allow employees to carry over a portion of unused FSA funds from one year to the next); a grace period (an extra 2.5 months after the plan year end date – typically March 15 – during which you can spend FSA funds from the previous year on new expenses); and/or a run-out period (a timeframe after your plan year – usually 90 days – during which you can still submit claims for reimbursement from the previous year). Deadline extensions are completely optional and are determined by the employer.
  • Unlike other retailers, FSA Store processes all transactions at the time of purchase, not at the time of shipping, which helps ensure that funds are applied to 2024 FSA funds, not 2025.

About Health-E Commerce
Health-E Commerce is the parent brand to FSA Store and HSA Store, online stores that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts. The company also created Caring Mill, a popular private-label line of health products through which a portion of every purchase is donated to the Children’s Health Fund. Since 2010, the Health-E Commerce brands have led the direct-to-consumer e-commerce market for exclusively pre-tax health and wellness benefits. Health-E Commerce plays an essential role in expanding product eligibility for important new categories within the list of eligible medical expenses.

Media Contact

Barbara Tabor, FSA Store, 651-230-9192, [email protected], FSAstore.com

SOURCE FSA Store; FSA Store

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