Employees lose billions a year because they’re not keeping track of this one important benefit

Stock photo of a hand holding several one hundred dollar bills, which are on fire. (Credit: Peter Kim—Getty Images)

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The end of the year is fast approaching, and the flexible savings accounts (FSAs) for many workers are about to expire. Those healthcare funds have a “use it or lose it” rule, meaning employees who fail to deplete their contributions before a specific deadline—often the end of the calendar year—will lose the money they put in.