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GoHealth: Five Ways to Use Flexible Saving Account Funds Before It-s Too Late

CHICAGO, IL — (Marketwire) — 11/29/12 — , the leading online exchange for individuals and families to compare health insurance quotes has some advice for Americans who use a flexible spending account (FSA) to cover out-of-pocket medical expenses. In light of the fact that FSA funds do not roll over at the end of the year, there are certain steps that consumers can take to get the most out of them before it-s too late.

“Unlike (HSAs), with an FSA you either use it or lose it,” says Mark Colwell, Manager of Consumer Marketing at GoHealth. “Contributing to an FSA only makes sense if you-re going to utilize it wisely.”

Roughly 155 million people currently opt for these tax-free savings accounts through their employers. The list of qualified medical expenses that FSA money can be used for is quite extensive. GoHealth suggests that FSA holders with remaining funds near the end of the year consider the following options:

Blood pressure monitors, pregnancy tests, and even band-aids are all eligible expenses.

. While certain may not cover these visits, they definitely are considered legitimate medical expenses that FSA funds can be used for.

If you have been putting off that yearly checkup, there is no better time than now.

. These actions are considered preventive services, and therefore, eligible.

Prescription sunglasses are also qualified.

For additional information about FSAs and other health insurance-related topics, visit GoHealthInsurance.com/blog.

GoHealth and its customer-facing website GoHealthInsurance.com is a health insurance technology platform, working with over 100 and more than 10,000 licensed agents across the United States. Since the company-s founding in 2001, the GoHealth platform has helped nearly 30 million Americans shop and compare health insurance quotes.

Media Contact:

Anna Brodetsky
5W Public Relations

(646) 430-5146

Short URL: https://www.88finance.com/?p=208210

Posted by on Nov 29 2012. Filed under Insurance, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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