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Reply to "Help! I have to spend $3000 on fsa card in the next 2 weeks"
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[quote=Anonymous][quote=Anonymous]Wait, don’t FSA funds get taken out of each paycheck? Don’t don’t you only need to spend what’s accrued from the year to date paychecks? Otherwise you’d have to pay it back. Unless your employer handles it differently. [/quote] Nope, FSA for medical gets loaded up front and then taken out of your account with every paycheck until the end of the year, so if OP asked for $3000, that money is already in the account even if she has only contributed $125 so far. Just note OP that you will get taxed on the money you used but didn't contribute. I did this a few years ago when I quit in February. Got my daughter some braces.[/quote]
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