Slide Show | February 2014
7 Smart Uses For Your Flex-Account Money
A flexible spending account offered through your employer is a great fringe benefit that lets you pay medical and child-care expenses with pre-tax dollars. Make sure you take full advantage of it when deciding how much to contribute -- because the amount you can set aside for health-care expenses is now limited to $2,500, a rule change from the health-care law that took effect in 2013. Another big change now permits some employers to allow employees to carry over $500 from one year to the next, although not all plans have made this change (see Big Changes to Flexible Spending Accounts).
We put together this slide show as a reminder of the kind of big-ticket expenses you can pay with medical flex-plan dollars and to encourage you to make the most of this benefit. If you’re unsure whether your employer’s plan covers a specific item, be sure to ask your plan administrator.7 Smart Uses For Your Flex-Account Money