RENO, Nev. (KOLO) – Some people’s Health care Flexible Spending Account credits are set to expire by the end of 2025.
A health care Flexible Spending Account is a tax-advantaged account that allows employees to set aside a portion of earnings to pay for qualified health care expenses that are not covered by insurance. Most FSA plans have a ‘use it or lose it’ policy, which means they’ll expire by the end of the year.
The Nevada Public Employees’ Benefits Program shows some FSA plans have a grace period until March 15 or allow a set amount to carry over into the next year…