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If you have a health insurance plan that includes the ability to use a Flexible Spending Account, do you currently have an FSA?
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when I did have an FSA I always used it, “free money” really.
With my current employer provided HMO, I have to pay 50% of my device cost and $15 per med refill each month until I’ve spent $1500. The FSA helps takes sting out of a percentage of those costs. Lots of receipt uploading required.
I do not have a FSA, I have in the past. I do have a retirement health savings account, that has been very helpful.
HSA not FSA
Went from an FSA the last few years to an HSA beginning this year.
I use HSA instead of FSA with my plan. I can only choose one.
I have an FSA. I pay for elite plan poo. I have a 1,000.00 dollar deductible and a 3,000 max out of pocket unless it’s changed this year. I’m feel that I don’t have a choice button have elite plan to get the things that I need. Insurance is a racket.
I had an FSA years ago, but even when we were given cards to pay for meds, it wouldn’t work at the employee pharmacy where we all worked, so I submitted claims on paper. It was a pain. And, those cards didn’t work at retail pharmacies either, so I gave up on them. But I should clarify, our FSA was only for Rx or MD co-pays and services like massages or DC visits, specific things not covered by our insurance.
I have an HSA. 🙂
Statutory limit is insufficient for co-pays, deductibles and out of pocket expenses. Individuals with chronic illness need larger exemptions.
FSA? I have the cheapest Kaiser-Permanente Medicare Advantage plan available: $82/month with out of pocket costs capped at $5800/year. I didn’t even spend $900 for out of pocket expenses (co-pays, etc). I regret I did not just stick with original Medicare and get a Part D plan to cover prescriptions…for ideological reasons. If I try to go back to original Medicare now, there’s a penalty. Insurance companies are using Medicare Advantage plans to lure folks away form original Medicare. Then they’ll lobby Congress to eliminate or totally privatize Medicare and our rates will skyrocket…and so will their profits.
I had a FSA when I was employed and had employer based insurance, but not anymore with the Medicare Advantage plan I am enrolled in. They give a $25.00 stipend per quarter totaling $100 per year for out-of-pocket OTC items. Doesn’t cover Rx meds.
Like some others, I have an HSA. Allows me to put funds away tax-free for healthcare expenses in the future.