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!
The FSAstore.com 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 FSAStore.com. All opinions are my own.