Flex account

Discussion in 'Money Talk$' started by SaggyWoman, Dec 29, 2010.

  1. SaggyWoman

    SaggyWoman
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    Are you doing a flex account this year for medical spending?
     
  2. David Lamb

    David Lamb
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    Simple answer: no. (We don't need to here - we pay for medical treatment through taxation, so unless we choose to "go private", there is nothing to pay when treatment is needed.)
     
  3. Baptist Believer

    Baptist Believer
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    I've done it every year that it has been available to me... to the maximum amount.

    I've only failed to use everything in the account on two occasions, once I "lost" almost $20 and the other time was about $6. Of course I save hundreds by not having that income taxed, so it was a boon overall.

    In the past couple of years, my wife and I have gone through the account before mid-year because of surgeries (some emergency, some elective) and other issues. It has been an enormous help for our household budget to have a block of money available on January 1 for medical expenses.
     
  4. SaggyWoman

    SaggyWoman
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    I set aside some, and of course look forward to the savings, since I seem to miss the amount to help on itemizations!! Ack. But, I have now a card that I can swipe out of that account!! Beats filling out forms!!
     

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