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10:57 am November 11, 2011
| Buck Inspire
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Hi all,
Anyone know of good tips or articles on how to determine what you put away for next year's FSA? Thanks!
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12:03 pm November 11, 2011
| retireby40
| | USA | |
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| posts 1381 |
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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.
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3:18 pm November 11, 2011
| Khaleef @ KNS Financial
| | Fat Guy, Skinny Wallet | |
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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/
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5:13 pm November 11, 2011
| Suba @ Wealth Informatics
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| posts 1876 |
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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/
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4:23 pm November 14, 2011
| Buck Inspire
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Thank you Joe, Khaleef, and Suba!
Some reading to catch up on.
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5:03 pm November 14, 2011
| krantcents
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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.
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