The holiday season is fast approaching, but before you get to the business of relaxing and enjoying it, don’t forget about the other important thing that happens at this time every year: the expiration of your flexible spending account (FSA). An FSA account is a payroll tax-free health care spending account you can use for one calendar year to pay for things like doctor copays, prescription medications, medical procedures, eyewear and some dental services and products. These accounts are great for families and people with lots of medical expenses, but the downside is if you don’t use it, you lose it. This may not seem so awful until you consider that the money that vanished with the old year was money you earned - so you’ve essentially thrown away your hard-earned money, simply because you didn’t spend it.
According to the University of Michigan’s "National Poll on Healthy Aging" released in September 2017, an increasing number of older Americans are worried about caring for – and paying for – their teeth as they age. The poll, which was conducted by the Institute for Healthcare Policy and Innovation at the University of Michigan, worked in partnership with the AARP and Michigan Medicine.