SOURCE: GoHealthInsurance

GoHealthInsurance

November 23, 2010 10:47 ET

GoHealthInsurance.com Reminder for Flexible Spending Account Users

GoHealthInsurance.com Is Reminding Users of Flexible Spending Accounts (FSAs) to Use Their Account Funds on Medical Expenses Before They Expire at the End of the Year

CHICAGO, IL--(Marketwire - November 23, 2010) - GoHealthInsurance.com, the online marketplace for health insurance comparison shopping, is offering consumers a friendly reminder and help for how they can use their Flexible Spending Account (FSA) funds before they expire at the end of December.

"It's getting towards the end of the year and any funds leftover in a Flexible Savings Account will be forfeited for 2011. Consumers should make sure they check their FSA balances and utilize any savings before it's lost," said Mark Colwell, Consumer Marketing Analyst at GoHealthInsurance.com.

Have a FSA but don't know how to use the saved funds before they expire? Here are a few tips:

  • With the flu season right around the corner, one easy way to spend leftover money is to get flu shots and any vaccinations that are not up to date.

  • Schedule physicals, wellness and routine care visits with your family doctor to ensure that everyone in the family gets an annual check-up.

  • Purchase over-the-counter medication that you and your family typically use. Starting in 2011, FSA funds can longer be used on over-the-counter medications without a prescription. Medications that will require a prescription from a doctor include allergy and asthma, cold and flu, pain relief, anti-itch, antacids and acne medication.

  • Next year, consider the benefits of Health Savings Accounts (HSAs) with high-deductible health plans. The funds in HSAs roll over every year and earn interest.

Consumers can compare individual health insurance options, including plans compatible with Health Savings Accounts, at www.gohealthinsurance.com.

About GoHealthInsurance

GoHealthInsurance.com makes buying health insurance simple. GoHealthInsurance explains health coverage options in plain English, provides free health insurance quotes, connects shoppers with local agents, and helps consumers choose plans that meet their health and budget needs -- making it the most robust health exchange.

Contact Information

  • Contact:
    Michael Mahoney
    GoHealthInsurance
    888-250-3409
    Email Contact