Ways to Spend Your Flexible Spending Account Money by March 15 Deadline

Many workers will be hitting the drugstore in the next few days to use up leftover flexible spending account money from 2018 so they don’t lose it.

Question: I just realized that I have a few hundred dollars left over from my flexible spending account from last year that I must spend by March 15 or else I’ll lose it. What can I use it for on short notice?

Answer: You can use money from your flexible spending account for out-of-pocket medical expenses, such as your health insurance deductible, co-payments, prescription drugs, and vision and dental care. You probably won’t be able to schedule an appointment with your doctor or dentist on such short notice, but there are several things you can use your FSA money for in a hurry, including some drugstore items you may not have realized are eligible expenses.

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.