5 Ways to Maximize Your FSA Before Year-End

The clock is ticking on your FSA balance. Unlike HSAs, most FSA funds don't roll over - meaning if you don't use them, you lose them. Here's how to make every dollar count.

1. Stock Up on Eligible Supplies

The easiest way to use remaining funds is to stock up on items you'll use anyway:

First aid supplies - Bandages, antiseptic, pain relievers
Sunscreen - SPF 15+ qualifies (buy enough for summer!)
Contact lenses and solution - Order a year's supply
Menstrual products - Now FSA eligible thanks to the CARES Act

2. Schedule Those Appointments

Use your remaining balance on preventive care:

Annual physical
Dental cleaning
Eye exam
Dermatology checkup
Any specialist visits you've been putting off

Pro tip: Many providers offer evening or weekend appointments if you're running short on time.

3. Update Your Eyewear

Prescription glasses and sunglasses are fully eligible. This is the perfect time to:

Get a backup pair of glasses
Upgrade to prescription sunglasses
Try out new frames you've been eyeing

4. Consider a Letter of Medical Necessity

If you have remaining funds and a qualifying condition, an LMN can unlock coverage for:

Gym memberships
Fitness equipment
Massage therapy
Certain supplements

The process is straightforward - many telehealth providers can issue one after a quick consultation.

5. Check Your Employer's Grace Period

Before you panic-spend, verify your plan's rules:

Grace period - Some plans offer 2.5 extra months to use funds
Carryover - Some plans allow up to $640 to roll over
Run-out period - Time after year-end to submit claims for previous-year expenses

Don't Leave Money on the Table

Americans forfeit billions in FSA funds every year. Don't be part of that statistic. Take an hour this week to review your balance and make a plan.

Ready to start using your HSA for wellness? Hammock includes unlimited Letters of Medical Necessity — so your gym, supplements, and massage are all tax-free.