Flex Spending Accounts: Use it or Lose it


2017 is almost over. There are so many things to keep you busy, including holiday shopping, preparing a feast for your loved ones, or planning your final memories of the year. At the bottom of your list may be thinking about your health benefits package.

If you made employee contributions to a health flexible spending account, you made the wise decision to set aside pre-tax dollars to pay for eligible health care expenses for you, your spouse, and your eligible dependents. However, unless your plan offers carry over or a grace period extension, any unused portion of your health FSA is forfeited after the plan year ends under the IRS' Use it or Lose it rule.

Don't lose your hard earned money by missing the December 31st deadline for incurring eligible expenses.

Eligible health care expenses include costs for vision care, including eye exams, prescription glasses, and contact lenses. Call us at 808-396-6311 to schedule your eye exam, or just drop by to try on one of our nearly 700 designer frames.

Disclaimers

Honolulu Vision Care Center does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Please review Honolulu Vision Care Center's additional Disclaimers.

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