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D
uring the holidays, when stress can run high and finances low, it’s more important than ever that employees understand how to use their flexible spending account (FSA). However, lack of awareness and understanding of what’s eligible can cause employees to leave FSA funds on the table at the end of the year. According to an Employee Benefit Research Institute report published in May 2024, roughly half of all FSA accounts forfeited funds in 2022 with an average forfeiture of $441. HR teams and employers can help ensure this doesn’t happen to their employees, by taking time to educate employees about