StrangeSox Posted October 28, 2010 Share Posted October 28, 2010 I have no idea what I was thinking when I typed that. Sorry. Link to comment Share on other sites More sharing options...
southsider2k5 Posted October 28, 2010 Share Posted October 28, 2010 QUOTE (StrangeSox @ Oct 28, 2010 -> 12:23 PM) I have no idea what I was thinking when I typed that. Sorry. Yeah I wasn't sure if you were trying to say that, or to talk about paying for medicine out of pre-tax income. Link to comment Share on other sites More sharing options...
StrangeSox Posted October 28, 2010 Share Posted October 28, 2010 I was thinking of the flex accounts being a tax-reimbursement for money already spent instead of pre-tax savings. Anyway, my criticism of the "use it or lose it" rule stands, and as NSS said, it's just too much of a PITA for a relatively small amount of money. Now, if I were taking hundreds of dollars of Rx's every month, that'd be a different story. I'm in agreement with his proposal to fix it. But, then again, maybe the "use it or lose it" is a significant part of funding the program. Link to comment Share on other sites More sharing options...
southsider2k5 Posted October 28, 2010 Share Posted October 28, 2010 QUOTE (StrangeSox @ Oct 28, 2010 -> 12:29 PM) I was thinking of the flex accounts being a tax-reimbursement for money already spent instead of pre-tax savings. Anyway, my criticism of the "use it or lose it" rule stands, and as NSS said, it's just too much of a PITA for a relatively small amount of money. Now, if I were taking hundreds of dollars of Rx's every month, that'd be a different story. I'm in agreement with his proposal to fix it. But, then again, maybe the "use it or lose it" is a significant part of funding the program. That makes absolute sense to me. I also agree with the "lose it" part being exactly why I have never signed up. Any money you don't spend is a 100% loss, versus whatever you would save on taxes. Unless you have significant and regular expenses, the plan doesn't make a lot of sense. Link to comment Share on other sites More sharing options...
Texsox Posted October 28, 2010 Author Share Posted October 28, 2010 QUOTE (southsider2k5 @ Oct 28, 2010 -> 12:32 PM) That makes absolute sense to me. I also agree with the "lose it" part being exactly why I have never signed up. Any money you don't spend is a 100% loss, versus whatever you would save on taxes. Unless you have significant and regular expenses, the plan doesn't make a lot of sense. I believe that is part of the rational for the program, it isn't for everyone. I have maintanance meds that I take every month, so calculating several hundred dollars is easy. The use it or lose it wasn't so much a bother as long as I could load up on OTC in December. I'd replenish my first aid kit, pick up some Advil or whatever, maybe some cold meds. Basically I added up a couple Doc visits, meds, annual physical, etc and put in a little less than that. Link to comment Share on other sites More sharing options...
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