A drawback of Flexible Spending Accounts (FSA) is that any account funds must be used to pay for expenses incurred before year's end or the money is lost.

Name: A drawback of Flexible Spending Accounts (FSA) is that any account funds must be used to pay for expenses incurred before year's end or the money is lost.
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This is due to the "use it or lose it" rule for FSA funds, meaning any unused funds cannot be carried over into the following year.

A Drawback of Flexible Spending Accounts (FSA) Is That Any