Finance expert Mike Periu with a reminder to maximize the dollars in your flexible spending account before the year is over
Flexible spending accounts offer a way to set aside pre-tax dollars for spending related to your health care. For many FSA holders, December 31st is an important deadline because unused FSA money can’t be rolled over into next year—if money in the account isn’t spent before the end of the year, you’ll lose it entirely. If you have money in your FSA, there are a number of items that qualify for FSA use even though it may not be obvious. Train tickets and gasoline used to attend a medical appointment are acceptable. Even the cost of vehicle wear and tear from driving to the pharmacy qualifies. Another spending strategy is to pay for long-term prescriptions upfront. If you doctor writes a three-month prescription for medication now, it will still count for 2012 spending.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
