It is insurance time soon. We have the option of a flexible spending account.
I wear glasses, and need new ones every year or so.
I take 2 thyroid meds because mine was removed. I have to take them. I take a couple of others as well.
I do not understand the FSA, and am not sure if I need one. I have about $100 USD in meds co-pays a month, and $25 co-pays for at least 8 doctor visits a year for blood work for the thyroid stuff.
My coworkers are better at adulting, and I do not want to ask around at work…
So do I need one, and how does it work? Thanks in advance.
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FSA is an excellent deal because you get to pay for any out-of-pocket expenses with pre-tax dollars. This is big big savings.
You have to make sure you have only the amount you think you’ll use over the year deducted. You lose anything you don’t use.
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