Flexible Spending Accounts can be a bit confusing, so we want to make sure you’re getting the most out of yours each year! It pretty much boils down to use it or lose it, but let’s work out a few more details.

What Is a Flexible Spending Account?

What is a Flexible Spending Account (FSA)? An FSA is an employer-sponsored benefit that allows you to pay for medical and dental expenses. These accounts are pre-taxed dollars that you can set aside each month/year to cover procedures throughout the year. But, if you don’t use the entire amount you have allotted to the account at the end of each calendar year, you lose it.

There is a great tool available to help you manage your FSA account, which you can find here.

Getting the Most Out of Your FSA

At the beginning of each calendar year, it would be wise to create a budget, calculate your expected out-of-pocket medical and dental costs, and set your amounts accordingly. Your FSA will actually save you money by reducing your income taxes.

Make the most out of your 2015 FSA budget by getting a head start on it now! Your oral health will thank you later!

Maximize Your FSA and Invest in Your Smile Today!

Don’t wait to get the most out of your FSA! Take charge of your finances by planning your budget today and taking advantage of tax savings while improving your oral health. Start by estimating your medical and dental expenses, and use our handy tool to manage your account with ease. Remember, it’s “use it or lose it,” so make every dollar count and invest in a healthy, confident smile before the year comes to a close!