Yakezie.com - Topic: Flexible Spending Account Formula

krantcents on Flexible Spending Account Formula

Mon, 14 Nov 2011 17:03:21 +0000

My annual open enrollment will close on the 20th. I just set my FSA for next year. I added up what I spent this year and looked at what I expect to spend next year. I set an amount that was slightly less than what I expect to spend. Remember, if you do not use the funds you lose it.

Buck Inspire on Flexible Spending Account Formula

Mon, 14 Nov 2011 16:23:41 +0000

Thank you Joe, Khaleef, and Suba!

Some reading to catch up on.

Suba @ Wealth Informatics on Flexible Spending Account Formula

Fri, 11 Nov 2011 17:13:36 +0000

I have a few FSA related post that might be helpful (and I have one coming next Friday)

http://www.wealthinformatics.c.....uidelines/

http://www.wealthinformatics.c.....-expenses/

http://www.wealthinformatics.c.....a-fsa-hra/

Khaleef @ KNS Financial on Flexible Spending Account Formula

Fri, 11 Nov 2011 15:18:30 +0000

I would say to use this year's out of pocket expenses, plus add in extra for mileage, parking, and OTC medication for which you have a prescription. Here is an article that I wrote a while back that may still be helpful (just remember that otc's need a prescription):

http://knsfinancial.com/flexib.....they-work/

retireby40 on Flexible Spending Account Formula

Fri, 11 Nov 2011 12:03:24 +0000

Buck Inspire said:

Hi all,

Anyone know of good tips or articles on how to determine what you put away for next year's FSA? Thanks!

I wrote about 2012 annual enrollment, but didn't get into FSA allotment much.

http://retireby40.org/2011/11/.....ment-time/

You should use this year's expense as a guide and go with something similar.

Buck Inspire on Flexible Spending Account Formula

Fri, 11 Nov 2011 10:57:35 +0000

Hi all,

Anyone know of good tips or articles on how to determine what you put away for next year's FSA? Thanks!