December 30th, 2025 by WCBC Radio

While some businesses allow balances in Flexible Spending Accounts to rollover to the next year, for most, those funds are a “use it or lose” option.  Money in FSA’s need to be spent down by the end of the calendar year, or they are forfeited.  Charlene Rhinehart, the Finance Director for Good Rx, said that there are many options to spending the remaining balance in a healthcare flexible spending accounts, including stocking your medicine cabinet…

   

“Think of an FSA as a savings account that you can use for certain medical, dental, and vision expenses you’re already paying for. You can use it for out of pocket healthcare expenses like co-pays, co-insurance, and prescription medications.”