I have no idea what I was thinking when I typed that. Sorry.

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.

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.

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.

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.