Did you sign up for the military’s new Health Care Flexible Spending Account option for 2025? If so, you may have some money that you need to spend before the end of the calendar year. Since this is the first year for the Pentagon’s HCFSAs, a lot of people may not know about the use-or-lose provisions.
The Department of Defense made HCFSAs available to service members beginning in March 2025. Flexible spending accounts are tax-advantaged accounts that allow you to put pre-tax income into an employer-sponsored account, and you don’t pay taxes if it is used for eligible expenses. They’re a great tool, saving you federal, state, Social Security and Medicare taxes.
Sounds amazing, right? They are amazing. But there’s a catch: FSAs are…
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Source www.military.com
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