As the end of the year approaches, consumers with a flexible spending account are looking to maximize their remaining pre-tax money. For many with FSAs, the plan year ends on Dec. 31, signaling that leftover FSA dollars must be spent down or risk being forfeited. FSAstore.com, an e-commerce site exclusively stocked with FSA- and HSA-eligible products, helps consumers manage and use their accounts year-round and reminds them to check their FSA balances.
Confusion about FSAs is widespread. Research from Alegeus Technologies shows that only 50 percent of FSA account holders pass a basic proficiency test.
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