Use It, Don’t Lose It
More and more employers are offering their employees the option of directing their health care spending with flexible spending account plans (FSA) through “cafeteria” benefit plans. And savvy plan participants are directing that spending towards eye care.
Some plans have a deadline by which the employee must use the dollars in their account or forfeit them. Contact lens patients who face such a deadline may consider purchasing an annual supply of lenses with their remaining plan dollars.