Before I retired, I participated in FSAFEDS for many years and it worked very well for us. There is no debit card - just an electronic account that deposits money in your bank account. For doctors visits and such, there is no paperwork to fill out at all - your FEHB insurance company does that part. If you need to do over the counter med related things, then you have to fill out paperwork - not to much of a big deal. But the doctors appointments and such by themselves maxed me out anyhow. So the benefit, for those wondering is, your money that you spend on healthcare comes out tax-free - a couple thousand dollars worth, max. The downside, if you don't spend all the amount you allocated, you lose some of it at the end of the year. Hope that helps?
Bruce
I got an email about enrolling in FSAFEDS. I use quite a few services and monthly medications. The information on the website raised more questions for me than it answered, and the contact phone number is for members only.
In the past I thought that a person who had one of these spending accounts put money into an account from their paychecks, was issued a debit card type payment card, and used that when paying for services- with the money deducted via the debit card. But every page of the information website discusses "Claim Forms" and "Supporting Documentation".
So are the millions of people who have these plans required to spend their time filling out claim forms every time they pick up a prescription or visit a doctor?
Thanks!!!
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