What Your Team Should Do with Their FSA Money Before It Expires

May 28,2024

An FSA can lower your tax liability while reducing your expenses. New legislation has made it easier for Americans to increase their FSA purchasing power by loosening up FSA eligibility requirements. As directed by the CARES Act (Coronavirus Aid, Relief and Economic Security Act), you will find more items that have been termed eligible for the Federal Supplemental Insurance Program.
In light of rising healthcare costs, it's important to learn to take advantage of the FSA benefits. These days, flexible spending accounts (FSAs) are all the rage. With the COVID-19 pandemic, FSA benefits were expanded, and many products including pain relievers and anti-allergy drugs were included. This move has immensely benefitted people who have been battling high drug prices. An FSA can lower your tax liability while reducing your expenses. New legislation has made it easier for Americans