All About Flexible Spending Accounts (FSAs)

Is it true that if you don’t use it you lose it? 😂

Find out in this episode of The Benefit Breakdown’s Open Enrollment Series, where we cover an underutilized employee benefit, the Flexible Spending Account.

Pro-tip! The CARES Act expanded the use of FSA, HSA and HRA funds to be used for certain over-the-counter (OTC) medications including:

Cough cold & flu medications
Pain relief
Sleep aids
Allergy & sinus medications
Digestive aids, baby rash ointments & creams
Feminine & menstrual care products
And more...

See the CARES Act expansion of OTC medications video here:    • CARES Act - Over-the-counter Medicati...  

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See the rest of the Open Enrollment Series here:
Open Enrollment FAQs:    • Open Enrollment FAQs  
Basic Healthcare Lingo:    • Basic Healthcare Lingo  
Everything to know about HMOs:    • Everything You Need To Know About An HMO  
Ins & outs of HSAs:    • The Ins & Outs of Health Savings Acco...  
All About FSAs:    • All About Flexible Spending Accounts ...  
Dental Insurance 101:    • Dental Insurance 101  
Preventative Care:    • Preventive Care & Health Insurance  
Vision Insurance 101:    • Vision Insurance 101  

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See our COVID-19 Series here:
Lost Medical Coverage due to COVID-19:    • Lost Medical Coverage Due to COVID-19?  
COVID-19 - Two CA Announcements:    • COVID 19  - Two CA Announcements  
CARES Act - OTC Medication Expansion:    • CARES Act - Over-the-counter Medicati...  
FFCRA Overview:    • Families First Coronavirus Response A...  
FFCRA FAQs:    • FAQs - Families First Coronavirus Res...  
COVID-19 - Return To Work:    • COVID - Return to Work Considerations...  
Employee Tested Positive for COVID019:    • Employee Tested Positive for COVID-19?  
FFCRA Tax Credits:    • FFCRA - Tax Credits  
PPP Loan Forgiveness Taxability:    • Tax Effects of PPP Loan Forgiveness  
Business Budgeting During A Crisis:    • Business Budgeting During A Crisis  

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#humanresources, #insurance, #FSA