I understand why people would be upset about this change as it relates to HSAs and FSAs, but a few years ago when I was enrolled in one of these plans (I'm not eligible for it now) the first thing I noticed was the plan as constituted was absolutely open to fraudulent activity with no oversight.
For example . . . Nothing would have prevented me from using FSA money to buy dozens of bottles of Tylenol for some medical malady that I was allegedly suffering at the time -- then selling them to family members and friends for cash.
posted on 10/14/2010 8:14:41 AM PDT
by Alberta's Child
("Let the Eastern bastards freeze in the dark.")
To: Alberta's Child
IRS guidelines would have probably allowed the Tylenol for family members anyway. If not those, check out Elder Care standards, and the deal on purchasing medical insurance for a child ~ which has no age limit BTW!
posted on 10/16/2010 7:18:52 AM PDT
("GIT OUT THE WAY" The Republicans are coming)
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