Can You Use Fsa For Health Insurance Premiums? 
Unfortunately no . FSA funds can not be used towards your insurance premiums . FSA stands for flexible spending account and are only available with employer-based health plans . In short , it 's an account that uses pre-tax monies that are contributed by the employer and/or insured persons - up to $ 2500 can be contributed per year . The funds can be used to pay for certain out-of-pocket medical expenses including your deductible , copayments , coinsurance , prescriptions , and even over-the-counter medicines -LRB- with a doctor 's prescription -RRB- . If you have any remaining money at the end of the year , the money is lost and the account , in short , resets . Since you lose the funds at the end of the year , you do n't want to contribute more money than you think you will use on health-related expenses . However , employers can -LRB- but are not required to -RRB- offer one of two options : 1 -RRB- provide a grace period of up to 2.5 extra months to use the FSA funds 2 -RRB- allow you to carry over up to $ 500 per year to use in the following year . Please let me know if I can be of further assistance . Thanks very much . 