You, like many Americans, may have some money lingering in your flex spending account for 2007. You need to use it or you'll definitely lose it.
Back when I had a flex spending account, I'd always use what I had left at the end of the year for part of a pair of glasses at LensCrafters or some other over-priced joint -- on a good year it'd cover maybe one temple, and a couple of nose pads, and maybe two-thirds of a lens.
Anyway, if the options laid out before us now had been available then, I'd have been decked out in a number of pairs of new specs in time for the New Year.
Some companies have extended the deadline to use flex benefits for a couple of months into the 2008 (the IRS started allowing this in 2005).
(NOTE: You'll need to check with your benefits people as they have yet to be required to grant this extension. Most decent companies have, so here's hoping you work for one. If not lean on your HR staff for next year.)
Need glasses? How about a few pairs?
39 Dollar Glasses will do most of the work for you. All purchases made with them can be made with your company FSA credit card. In most cases they'll be automatically approved with no more paperwork.
You may have luck with some of the other retailers, but no one makes it easier on you than 39 Dollar Glasses.
The deadline may be later this year, but the result is the same -- use it or lose it.
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Labels: flex plan
- At February 1, 2008 at 11:57 PM Nico said...
Wow. That's great! It's the new year already, but it's very good to know!
I asked myself the question and also answered myself "no, those online stores will never accept an FSA card..."!
Thanks for the great site by the way. I'm converted and am converting people around me!