do you have an FSA flexible spending accounts can pay for a range of healthcare expenses but some come with an important year-end deadline so they’ll have to use it or lose it here are some things to know fsas let you set aside money before taxes to cover expenses but they’re set up through your employer These funds don’t cover premiums or the actual cost of coverage but they can help with things not covered by Insurance deadlines will vary in some cases you may have to spend the money by December 31st many plans let people carry money into the new year or offer a grace period to use the remaining funds check with your employer you can use these accounts for a number of things they cover travel cost to the doctor’s office reading glasses sunscreen condoms tampons or over-the-counter drugs you can shop for many items at FSA eligible stores online but remember some things like electric massagers may need a doctor’s note