There was a short time that my hubby and I did not have insurance. We were so worried that something horrible would happen to either one of us and we would have to use medical services as an uninsured patient. We all know that health care can cost a lot, and having private insurance can cost even more annually. It wasn't until a colleague of mine mentioned that she had a Flexible Spending Account (FSA) and that she would set aside tax-free money ...
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Some Info on Flexible Spending Accounts
Have you every heard of a Flexible Spending Account? The first time I heard of a FSA was from a colleague. She explained that she sets pre-taxed money aside from her paycheck which can then be used towards medical expenses. With the cost of healthcare on the rise, I can see the appeal to having a program set up where you spend less money for FSA-eligible expenses, such as co-pays, deductibles, and over the counter medical products. I was ...