This question is about flexible spending accounts.

What are some drawbacks of FSAs?

By Zippia Team - Feb. 14, 2022

The most significant disadvantage of FSAs is that you lose any unspent money at the end of each year. While employers may opt to roll over up to $500 or extend your timeframe for using these funds by 2.5 months, neither of these options is mandatory.

Learn everything you can about deadlines, rollovers, and extensions to ensure you're maximizing an FSA's benefits.

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