Syracuse (WSYR-TV) -- With year’s end fast approaching, lots of folks are looking to use up the cash left in their flexible spending accounts. The pre-tax dollars can be used toward drug store needs and medical expenses not covered by insurance. This year though, rules for spending that money are a bit stricter.
According to WageWorks.com, you can no longer use the money to buy over-the-counter drugs on your own, however, if your doctor recommends that you take a pain reliever for an ailment, get a prescription and stock up.
Also, if you take a prescription for a chronic condition, ask your doctor to write a prescription now for next year’s supply.
Consult with your Human Resources Department on your company’s rules. Some may give you until mid-March to spend the remaining money in your account.
And finally, log your miles. Gas and transportation costs going to and from some medical appointments may be eligible for reimbursement.
For more advice on spending the money left in your flexible spending account
CLICK HERE.
