If your employer gives you until March 15 to use money in your health-care flexible spending account, you have just a few days left to spend the money or lose it. That's right -- your employer will keep what you don't use.
The money in an FSA can be used for most medical expenses that your health insurance doesn't cover. If you act before the March 15 deadline, you could have a large pot of money you can tap for big-ticket items, such as laser eye surgery or dental work. You can combine what's left from your 2009 FSA contributions with the amount you've earmarked for 2010. See Tax-Free Money for Big Medical Expenses to find out how this works.
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