Kamis, 01 Desember 2022

You only have a month to spend your FSA

Plus more health news |

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How to spend down your FSA by the year's end
By Tara Law
Health reporter

I tend to be cautious with money, but this year I dropped the ball by not maximizing the benefits from my Health Savings Account (HSA). I’m embarrassed to admit it, but I haven’t used my account to fund my health care visits or buy the products I use every day.

Luckily, HSAs can roll over—but Flexible Spending Accounts (FSAs) expire by the end of the year. Don't panic though; there's still time to use both. Here’s how to maximize them in the last month of the year:

  • Dig up receipts for health care bills you incurred in 2022, including from doctor’s offices and hospitals, and submit them for reimbursement.
  • Use your account to buy health-related items you use regularly, like contact lens solution or diapers. Sites like Amazon and Walmart have guides to eligible products.
  • Schedule any last-minute doctor’s appointments for December, before the year's end. And no matter how you used your HSA or FSA this year, make it a New Year’s resolution to use it smarter in 2023.

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One Last Read
Pickleball: The Enemy of Peace and Quiet

LeBron James and  Tom Brady might be big fans of pickleball—but your local homeowners association? Not so much.

In a Wall Street Journal piece with terrific visuals, E.B. Solomont talks to people in communities overtaken by people who play pickleball, one of the fastest-growing sports in the U.S. While it's great exercise, the players emit a lot of noise pollution: blasting boomboxes, unleashing dogs, crowding the courts, and shouting wildly every time they land a point, according to disgruntled neighbors. As a result, the sport has been banned in some residential communities.

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Today's newsletter was written by Tara Law and Angela Haupt and edited by Mandy Oaklander.

 
 
 
 
 
 

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