Get breaking news alerts via email

Click here to manage your alerts
Watercooler: Year-end tips for your flexible spending account

The Kansas City Star

First Published Dec 22 2012 01:01 am • Last Updated Dec 22 2012 10:40 pm

As the year winds down, do you have funds remaining in your flexible spending account for health care? Or have you spent more than you put into the account?

Either way, you have company. Only 16 percent of flexible spending account users contribute the right amount, according to the "2012 Aflac WorkForces Report" released this month.

Join the Discussion
Post a Comment

If you overestimated your health-care spending and still have pre-tax FSA funds remaining, here are some tips from Audrey Boone Tillman, executive vice president of corporate services at Aflac:

Schedule an annual checkup • If you haven’t seen them this year, visit your primary-care physician, optometrist, dentist, dermatologist, gynecologist or other health-care provider.

Buy, buy, buy • Get another pair of eyeglasses, prescription sunglasses, contact lenses or other eligible medical aids or devices.

Don’t forget eligible health-care items • These include first aid kits; contact lens solution; a thermometer; neck, wrist or joint braces; and pain relievers.

If you’ve already spent more on health-care expenses than you allocated to your account, Tillman has these suggestions:

Keep your receipts • Your tax adviser might recommend that you can take some 2012 tax deductions for expenses that weren’t covered by your FSA.

Track your out-of-pocket costs • Knowing what they actually were this year can help you do a better job estimating what those expenses might be next year.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.