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If you have money left in your employer-sponsored, flexible healthcare spending account (FSA), there's not much time left to spend it. For many employees, December 31 is the last day on which you can spend FSA money you've saved for 2010.
Consumer Reports' Money bloggers have come up with some helpful ideas on where to spend those leftover bucks if your insurer doesn't otherwise cover you, including a new pair of eyeglasses, over-the-counter medications, and even a hearing aid.
Some employers extend the amount of time you have to use up your FSA money into the first months of the next year. But all require that by March 31, you submit your receipts to the FSA administrator, including your insurance company's explanation of benefits showing which items it won't cover.Take a look and post your FSA-spending ideas below in our comments section. And get a head-start on 2011 with our advice on how to take advantage of your flexible-spending account.
—Aaron Bailey
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