FSA money left over at your plan's deadline does not come back to you
Keep your HSA and FSA beside the rest of your coverage, with the deadline from your plan document tracked once you add it.
FSA money has a deadline, and the deadline is quiet
Health Savings Accounts and Flexible Spending Accounts pay for healthcare with tax-free dollars. Both come with rules about what qualifies and when, and neither your employer nor your plan administrator is likely to remind you as the date approaches.
The FSA deadline is easy to look past
FSA funds are generally use-it-or-lose-it at the end of the plan year, though some plans allow a carryover or a grace period. Your plan document says which, and the date is not the one you would guess.
The eligible list is wider than it looks
Prescriptions, dental, vision, mental health, and some over-the-counter products can qualify. Your plan administrator publishes the list that applies to your account, and it is worth reading once.
An HSA is not the same instrument as an FSA
HSA balances roll over and, depending on the provider, can be invested. FSA balances generally do not roll over. The two get talked about together and behave differently.
Balances are invisible at point of care
You're at the pharmacy, not sure if your prescription is covered by FSA or how much is left. Without visibility, you use a regular credit card instead.
How LifQ helps you maximize every tax-free dollar
Connect your HSA/FSA information
Add your account details and annual contribution amount. LifQ tracks your balance and models your spending rate.
AI lists eligible expenses you have not claimed
LifQ scans your healthcare spending patterns and flags expenses you paid out-of-pocket that were HSA/FSA eligible.
Get deadline reminders and your eligible-expense list
LifQ reminds you before the deadline you added. What counts as an eligible expense is set by IRS rules and your plan document.
What you get with LifQ
Stop forfeiting FSA dollars
A reminder before your plan's own deadline, and a look at what counts as eligible.
Full eligible expense list
Discover all the expenses you can pay tax-free. The list is longer than you think.
HSA growth, illustrated
See how a balance left invested compounds versus one spent down each year. Illustrative, not a projection of your returns.
Balance visibility when you need it
Know your current balance and remaining eligibility period at a glance.
See it in action
It's mid-November. You have $840 left in your FSA and your plan's deadline is six weeks out. You've been thinking of scheduling a dentist appointment and your spouse needs new glasses.
You add the balance and your plan's deadline once, and both sit beside the rest of your coverage. The dentist appointment ($280) and the glasses ($320) come to $600 of the $840, and the reminder reaches you while there is still time to decide about the rest.
Illustrative example. Your findings depend on your documents.
Frequently asked questions
What's the difference between an HSA and FSA?
An HSA (Health Savings Account) is available with high-deductible health plans, rolls over year to year, and can be invested. An FSA (Flexible Spending Account) is available with most health plans, has use-it-or-lose-it rules, and cannot be invested. LifQ keeps both in one place and can answer questions about how each one works.
What does LifQ show me when I'm setting my contribution?
LifQ shows what your household actually spent on healthcare last year, category by category, alongside the current IRS limits. Most people size their election off that number, and confirm it with their plan administrator.
What counts as an eligible HSA/FSA expense?
Medical, dental, and vision expenses are the most common categories. But the list also includes mental health services, certain OTC medications, medical equipment, and in some cases fertility treatments. LifQ maintains an up-to-date list of eligible expenses.
Can both spouses have separate FSA accounts?
Yes. If both spouses have access to FSAs through their employers, each can contribute up to the annual limit independently. LifQ can hold both accounts together so your household sees the total tax-free healthcare dollars available in one place.
Never forfeit another healthcare dollar
Join LifQ and start maximizing your HSA and FSA contributions today.
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