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re: Flexible Spending Accounts for medical costs - use it or lose it?
Posted on 11/13/23 at 12:57 pm to Nature Boy
Posted on 11/13/23 at 12:57 pm to Nature Boy
It was explained to me this way:
The full yearly FSA money is available on day one. Therefore there is a risk to the company if you spend more FSA money than you contributed (and then leave the company). The forfeited money the company collects offsets the money they lose. Hope that make sense.
The full yearly FSA money is available on day one. Therefore there is a risk to the company if you spend more FSA money than you contributed (and then leave the company). The forfeited money the company collects offsets the money they lose. Hope that make sense.
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