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There is an important deadline looming for your employees if your organization offers a flexible spending account (FSA). The December 31 use-it-or-lose-it and other FSA deadlines are back this year, as flexibility enacted during the COVID-19 pandemic expires. That means FSA users may have more money to spend before the common year-end deadline – and more money to lose, if they aren’t aware of their deadline and their account balance.

In a normal year, an estimated 48% of FSA users with a traditional year-end deadline forfeit contributions. And this year is anything but typical because the FSA carryover amount and grace period revert back to normal. Unfortunately, there’s a good chance your employees are not aware of these changes and how they could affect them.

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