Re: [TSPStrategy] Off Topic: MyPay & Medical Savings Plans

Bill- I've been retired 7 years so things have changed.  I thought the HSA (health saving account) was a tax deferred option for a high deductible health plan.  The FSAFEDS account was another option to use non-taxed funds for your out of pocket medical expense. I had an FSAFEDS account with my BCBS health care plan.   I could be wrong but under the impression they are two different things.  Do you have an option to look at the balance in your FSAFEDS account? Good Luck, Ken

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From: bill_steele_sr via groups.io <bill_steele_sr=yahoo.com@groups.io>
To: TSPStrategy@groups.io
Sent: Sun, May 23, 2021 5:25 pm
Subject: [TSPStrategy] Off Topic: MyPay & Medical Savings Plans

Hi All,

I was just in MyPay and noticed a link for Medical Savings Plans. When I clicked it this pop-up appeared ~ No Health Savings Account data on record, please add a new account:~. I've had the FSAFEDS since open season, and I regularly get notices in my email each time I get a reimbursement. My question though is 1) Why doesn't MyPay know I have and account, and 2) Is there a problem with the fact that they don't know I have an account- in other words is this fact going to somehow erase my tax savings, etc. Thanks!

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