our Health Benefits Q&A: Find Answers to Common Questions
Where can I find a list of products that I can buy with my flexible spending account?
Kelly from Indianapolis, IN
Tracey Baker, CFP© responds:
Good for you! Flexible Spending Accounts (FSAs) are a smart way to cut costs. They let you use tax-free money to pay for medical expenses not covered under your benefit plan. Some eligible items include...
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Category: Financial Planning, Open Enrollment , Prescription
Can you tell me more about Health Savings Accounts? I don't like the "use it or lose it" rule associated with Flexible Spending Accounts.
Tony from Frisco, TX
Tracey Baker, CFP© responds:
A Health Savings Account (HSA) is a tax-advantaged savings account that allows you to pay current health care costs or save for anticipated future expenses. To be eligible, you must be covered by a high-deductible health plan. This means that your plan –...
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Category: Financial Planning, Open Enrollment