tag:blogger.com,1999:blog-6216695356267939311.post1600881828690513516..comments2023-11-02T09:12:28.367-04:00Comments on Unintended Housewife: Use It or Lose ItMeghanhttp://www.blogger.com/profile/08366931718780841876noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6216695356267939311.post-30638387111479049502011-12-04T22:43:28.527-05:002011-12-04T22:43:28.527-05:00Gucci prescription sunglasses, I hope.Gucci prescription sunglasses, I hope.Meghanhttps://www.blogger.com/profile/08366931718780841876noreply@blogger.comtag:blogger.com,1999:blog-6216695356267939311.post-10404437286800366732011-12-04T21:49:18.648-05:002011-12-04T21:49:18.648-05:00We have the same problem this year! Except I have ...We have the same problem this year! Except I have about $700 of the $1000 I had set aside! I found really cheap contacts, they lowered the copay for my prescriptions and hubs hasn't bought his contacts yet. I'm going to buy prescription sunglasses but your ideas about the FSA store are definitely helpful! I'll have to check those out.Jessica @ Wanting Adventurehttps://www.blogger.com/profile/12259936815744813817noreply@blogger.comtag:blogger.com,1999:blog-6216695356267939311.post-23661633132458979742011-12-03T22:28:32.490-05:002011-12-03T22:28:32.490-05:00I'm sorry I assumed everyone knew what these w...I'm sorry I assumed everyone knew what these were. It's an optional supplement to most health insurances used to pay for out-of-pocket expenses that insurance doesn't cover with pre-tax dollars. I think they're sometimes they're called cafeteria plans.<br /><br />To give a mundane example, you can use your FSA to pay for your co-pay at the doctor's office. Your insurance pays for the doctor's visit, but you can use you FSA to pay the $15 or whatever your out of pocket expense is. Because you're using pre-tax dollars, it's like getting a 20% discount (or whatever your tax bracket is.) You can also use your FSA for some things that insurance doesn't cover like the things I mentioned in the post or even big things like fertility treatments.<br /><br />They also have special ones that you can use for dependant care expenses, which you should totally look into. They help pay for things like daycare and babysitters. Ask human resources at your school.<br /><br />The catch with these plans is that you elect an amount for the year (I think the maximum is $5,000 but I don't think there is a minimum) in November and a little is set aside from your paycheck each month for the next calendar year. To make the math easy, let's say you elect to set aside $1200 a year. Each month, $100 will be withheld from your pay and you'll be taxed on the remainder of your salary. With most plans, you can use the whole $1200 in January, even though you haven't had all the money taken away yet. That's good if your kids need braces or something expensive. But if it's December 31 and you've only spent $1000, you lose the remaining $200. Then you cry.Meghanhttps://www.blogger.com/profile/08366931718780841876noreply@blogger.comtag:blogger.com,1999:blog-6216695356267939311.post-46884660109089919822011-12-03T21:58:01.400-05:002011-12-03T21:58:01.400-05:00Okay, so I've seriously never heard of FSA, bu...Okay, so I've seriously never heard of FSA, but I am VERY intrigued after reading this! Is this like instead of health insurance?Lucy The Valianthttps://www.blogger.com/profile/10017727113612906573noreply@blogger.com