Comments on: Flexible Spending Account Changes on the Way

By: Joan

Joan — Sun, 29 Jan 2012 23:59:46 +0000

Yes everyone Obama and Obamacare have nothing to do with this. It is IRS rules and they control. Need to get rid of the IRS. Also Obamacare is what allowed me and others to keep our children on our health plans until 26 rather than through 18 birthday which is a good thing.

By: Katie

Katie — Mon, 23 Jan 2012 16:01:09 +0000

Hate to burst your bubble, but Congress (Senate and House of Reps) makes the changes to Flex Spending Account guidelines along with the IRS–not Obama. Write to your elected officials to voice your complaints about FSA’s.

A new FSA issue for me for this year is that my FSA company refused to cover the anti-reflective coating for my glasses without a note from the doctor. They said it was a new regulation, but I couldn’t find anything about it in the FSA guidelines from the IRS. I think the FSA company is just trying to be difficult so they can keep the money. My doctor LAUGHED at the FSA company’s request because it’s so absurd. Fun times.

By: Teresa

Teresa — Wed, 23 Nov 2011 03:31:24 +0000

This is seriously going ti hurt. Eyeglasses, contacts,and whether you have young children or aging with meds being added all the time a decrease is just going to hurt! Smarter would be to allow the $5000 each whatever isnt used can carryovet. If you have leftover fund when you retire, you cash it in and pay the tax man then. Like retirement, it will be taxed at a hugher rate and if you get really sick long term, you will have funds yo pay fir it

By: Anna

Anna — Thu, 29 Sep 2011 14:40:03 +0000

And Obama says he didn’t increase taxes on the middle class? I’m hurt already with the OTC. The man is dreaming if he thinks he’s going to be re-elected. He’s hurting everyone with rules like the flex spending! Many in my company use the max for the medical spending plan!

By: Chris

Chris — Fri, 23 Sep 2011 19:15:17 +0000

It works for some but not all. My wife is a stay at home mother and I currently spend well over $5k per year in medical expences withoug OTC anyway. I still have 2 kids to put braces on. Can’t wait for the end of Obamacare

By: Andy

Andy — Wed, 10 Nov 2010 15:29:26 +0000

The $2500 limit shouldn’t be that big a deal now that OTC are not claimable. Most Americans keep a level much below $2500. However it will create a lot of paperwork and doctors visits as people get prescriptions for Tylenol and other other common OTC drugs. Also, if both husband and wife work, then $5000 is still the FSA limit for the household I believe.

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Fri, 09 Jul 2010 06:42:38 +0000

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Carnival of Personal Finance #263 – Upstate Edition — Mon, 28 Jun 2010 11:33:34 +0000

[...] from My Dollar Plan presents Flexible Spending Account Changes on the Way, and says, “This is a great debriefing of the changes coming to FSA’s as part of the [...]