“How do I spend down my extra FSA funds?” is a question MedBen regularly gets this time of year. Fortunately, there’s a convenient way for your plan members to shop for useful FSA-eligible products before year’s end (or before their grace period ends, as the case may be).
FSA Store offers members 2,500+ eligible products they can buy from the comfort of home. The site currently features an FSA Deadline Spending Guide that lets shoppers buy by account balance, category, and brand. Better still, when members use their MedBen FSA debit card at the FSA Store, they don’t need to substantiate their purchase!
The easiest way for members to keep track of their remaining funds is MedBen Access, either online or through our mobile app (from the App Store or Google Play)… just select “FSA/HRA Inquiry” from the “My FSA/HRA” menu for current balances as well as FSA claims and payments.