Author: Joseph Giordano
While the holidays and year-end activities make it easy to overlook important dates, the December 31 flexible spending account (FSA) deadline is one date that consumers should not miss. This deadline affects an estimated 70% of FSA users, roughly half of whom forfeit an $441 in tax-free funds simply because they don’t spend these dollars before the deadline. HR teams play an important role in reducing forfeitures by educating employees and providing access to helpful resources related to eligibility and deadline rules. In this article for HR Executive, FSA Store Compliance Manager Joe Giordano talks about essential information that employees need to maximize FSA utilization and use, not lose, their funds.
About the author
Joseph Giordano is compliance manager at Health-E Commerce, parent brand to FSA Store and HSA Store.
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