Comment by kstrauser
If you know you're going to have certain recurring expenses, they can be great. That money's untaxed so you're basically getting a 25% or whatever discount on whatever you buy with FSA money. But yes, the expiration bit is insane. That's how I ended up buying a pair of prescription Ray-Bans in late December several years ago.
> That money's untaxed so you're basically getting a 25% or whatever discount on whatever you buy with FSA money
This is the same with an HSA. The difference is that you can invest funds from an HSA and the growth is tax free.