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It's that time of year again when employees with health care flexible spending accounts (FSAs) need to think about how to deplete funds in their account or risk forfeiting them. FSA remains a popular way for employees to save money on medical expenses and services while at the same time reduce their tax liabilities. Yet many employees don't understand how health care FSAs work and, as a result, end up forfeiting money. In fact, the Employee Benefit Research Institute estimates that more than 40% of workers with FSAs left money on the table in recent years, losing on average between $339 and $408 a year.
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