8 ways employees can use their flexible spending accounts before 2012
As 2011 comes to an end, its time for employees with health care and dependent care flexible spending accounts to use up their remaining balances before the end of their plan year, when any leftover money is forfeited. Here are eight ways your employees can spend down their FSAs before 2012, courtesy of Save Smart, Spend Healthy.
Request prescriptions for OTC medications
If employees were directed by their doctors to use over-the-counter medications this year to treat an illness or for wellness purposes, they can be reimbursed for these expenses through the FSA as long as they have a prescription from their doctor.