If you have a flexible spending account at work and you still have money in it from 2018, you're running out of time. Here's what you need to know.
The clock is ticking for workers to use up the money they've saved in their flexible spending accounts.
However, the IRS has offered companies the option of allowing workers to roll over up to $500 into the next year or giving them a grace period into the new year to use the money.If you're still sitting on the money now, you could lose it. You're more likely to find FSAs at larger employers. Last year, about 3 in 4 companies with at least 200 employees made the accounts available, according to Kaiser Family Foundation.
"This is the time to spend down those remaining funds," said Rachel Rouleau, compliance director at FSAStore.com."Going to the doctor and getting that annual exam are qualified expenses."
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