What is Flex Spending?
Flex spending is program created by the government which allows you to put away pre-taxed dollars in an account for use on medical care. Generally speaking the money must be allotted the year before use, around November or December, and must be used by the end of the year.
It has the advantage of allowing you to spend tax free dollars. If used at the beginning of the year you also get a year loan without interest. A double benefit.
Do I Have Flex Spending?
To find out if you have Flex spending, consult your company benefits coordinator.
What Can I Use flex Spending On?
You can used flex spending on purchase of glasses, prescription sunglasses, sunglasses, contact lenses and contact lens accessories.