Business Plan Fsa
Flex Spending Account (FSA) – Is it really worth it???
I am trying to figure out if it is worth it to have a flex spending account. The plan does not offer a debit card so claims need to be sent by mail. I sent in my claim form with receipt for a prescription on 1-15. I was told on 1-26 that my claim was received. I was told today that my claim was processed (2-15). I was then told the check would be mailed in 2-3 business days and should expect to receive my check in 10 days or so. That is nearly 6 weeks without my money. I know I’m saving money on taxes but if I have to wait 6 weeks, my money could be earning interest (and for people using their credit card to pay…saving on finance charges!) and save myself the hassle of filling out paperwork, postage, making copies (I’ve had lost claims) and having to call to follow up on the claim/reimbursement.
Is this normal? I have CIGNA and can’t believe it takes this long to process a reimbursement.
I did Flex Spending for my birth control pills a few years ago. It wasn’t worth it for me.
Flex Spending benefits people who have massive, foreseeable medical expenses.
My friend is going through fertility stuff. It benefits her. I wouldn’t do it again for medicine.
Charlie Says – FSA Business Plan
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How to Maximize the Use of the Flexible Spending Account.: An article from: The National Public Accountant $5.95 This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on August 1, 2000. The length of the article is 1706 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web br… |
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Excluding reimbursements from health FSAs for OTC drugs.(Individuals): An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on January 1, 2004. The length of the article is 1039 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTit… |
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Flexible Benefit Plans and FSAs $33.00 A Survey & Sample Series title, with 50 samples. This survey examines the prevalence and design features of employer-sponsored flexible benefit plans and gauges employee participation levels for health and dependent care accounts. In addition to 326 responses from corporate benefit managers, professional service providers and public employers, **50** valuable samples are provided. Seven plan docum… |
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