That word does not mean what you think it means...

[UncleImpy]

I think the OP means /FSA/. I have an HSA at work and the amount rolls over each year, no problems. I originally had an FSA (Flexible Spending Account), and that does indeed completely go away at the end of the year.

Edit: What Bankworking says above. Didn't see their response when I wrote this one

[KuariKaydrith]

Health care FSAs will allow you to roll over up to $500 of funds remaining at the end of the year - it's a recent change. Up until that change was announced, you had until March 15th of the following year to use those funds before you forfeit them to the IRS.

[HawaiianShirts]

I originally had an FSA (Flexible Spending Account), and that does indeed completely go away at the end of the year.

Yeah, that's probably what it was. And I know they're not really a scam; it just seemed to have some characteristics of a scam. I'm glad they work for some folks, though.

[bankworking]

Yeah, that's probably what it was. And I know they're not really a scam; it just seemed to have some characteristics of a scam. I'm glad they work for some folks, though.

I agree with you on FHAs. Way too annoying. Only useful if you know for a fact that you will use the money. So glad my company switched to the HSA, and since they contribute to it themselves, the high deductible on the insurance isn't scary.