Herd: She, and other Americans, lose money in unspent FSA's | Gerald R. Ford School of Public Policy

Herd: She, and other Americans, lose money in unspent FSA's

March 11, 2025 Money

Unspent money held in flexible spending accounts has cost Americans over 4 billion out of paychecks. The Ford School's Pam Herd shared her story with Money, which is a shared experience for many working families across the country. “If you guess way too high [for the amount to hold in an FSA], you lose that money. If you guess way too low, then you also lose the benefits.”