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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. š
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 didnāt 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 prescriptionsā¦for ideological reasons. If I try to go back to original Medicare now, thereās a penalty. Insurance companies are using Medicare Advantage plans to lure folks away form original Medicare. Then theyāll lobby Congress to eliminate or totally privatize Medicare and our rates will skyrocketā¦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.