Flexible Spending Accounts Can Save Families 40%

Health care “shopping” can be great if you know your way around. It can also get overwhelming because there are often many options available to you. Flexible Spending Accounts (FSAs) can offer relief from increasing health care costs, because these benefit plans rely on pre-tax money for qualified health expenses. Yes, there is a way, and easy way at that, that a Smart Mama can save her family much money through an FSA. Do you have one?

Use FSA to Stock Up on Healthcare Needs

Not only can you save on FSA eligible products, but an FSA also gives you access to health care services and thousands of everyday products that moms need & buy such as sunscreen, contact lens solution, band-aids, heat wraps and baby care. It’s a great way to stock up on your family’s healthcare needs. Band-aids don’t expire!

Estimate Your Healthcare Needs

Each FSA plan year, employers take money out of your paychecks based on how much you choose to set aside. Beginning in 2013, FSA plan contributions are limited to $2,500 per person. Before you get an FSA, it is vital to calculate how much you want to spend using your FSA. How much do you think you’ve spent last year on “pharmacy store” items?

Use it or Lose it with FSA

Because Flexible Spending Accounts are “use it or lose it” any money unspent is forfeited when your plan year ends. Some employers provide a grace period – or an extension of coverage – up to two and a half months. One big deadline coming up is March 15.

Save $5 NOW!

Smarty Pants Mama readers are eligible to save $5 of their order of $50 or more at before March 15th! Just use promo code BLOG5 at checkout!

The is a one-stop-shop stocked exclusively with thousands of FSA-eligible products, a national provider database and a Learning Center that answers FSA-related questions. You can save on FSA-eligible products throughout the year with FSA Store’s special offers. Check these out before your grace period ends on March 15.

This post was published in partnership with All opinions are my own.



  1. Jen 12 March, 2013 at 21:03 Reply

    The one year we did an FSA we ended up having to buy way too many over the counter meds with the money because we didn’t use enough of it. These are good tips. Had we better estimated, I think that it might have really helped us. We are going to explore this option again for next year’s insurance plan.

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