With your flexible spending account (FSA), you’ve already set aside tax-free funds for your health care costs. This FSA spending calendar helps you make smart spending choices each month. These suggestions help you plan, but don’t worry – you can actually buy these products and services any time during the year.
Planning for Your Funds
You and your family may have a set of known expenses every year. Wellness visits, dentist appointments, and sports physicals are a regular part of many schedules. Likewise, you commonly know you’re going to purchase over-the-counter medication, plus everyday items like sunscreen. If you use these funds for common expenses earlier in the year, you can make sure you’ve taken advantage of the tax-free savings.
Chiropractic needs? Counseling appointments? Acne treatments? It’s impossible to plan for everything your year will bring. When you use this calendar as a guide, you can see what types of events are covered – even if you didn’t anticipate them.
If you’re new to an FSA, this calendar is a great way to see where you might need to spend your funds. If you’re experienced in FSA, this is a great reminder of where and how you can pay for surprises.
Help with Budgeting
Let us help with your budget! When you have an idea of what to expect, you can avoid getting stuck with unused funds at the end of the year. With measured, thoughtful use throughout the year, you’ll be able to make good choices on how best to use your tax-free dollars. Keep this calendar on hand for when you’re shopping or planning your health care needs.
If you end the year with money in your account, find out if your employer offers a rollover or grace period. If not, you can check the CYC Marketplace to see what necessities you can stock up on for next year—or even buy a health-related gift.
Get all the info for sensible planning! Download the FSA Spending Calendar.