[tazman3]

If the money rolled over into the next year, it might be a good idea. You forfeit whatever money (your own money) you have left in it at the end of the year. At least thats the case with my company’s plan.

[Molly Pitcher]

Are you sure? Ours changed a year or 2 ago...the rules relaxed. If it hasn’t changed, then of course, you have to be careful making the election amount, but it’s still worth it.

[JHL]

If the money rolled over into the next year, it might be a good idea. You forfeit whatever money (your own money) you have left in it at the end of the year. At least thats the case with my company’s plan.

Congress refuses to amend the law to permit FSA funds to be carried over into the following year. The concern seems to be that people might eventually have enough money saved that --gasp-- they won't need health insurance. We can't have people just paying for their own medical expenses out of pocket. /sarc

[Florida native]

That is true - FSAs do not roll over; however, they they do help in covering some or all of your deductible. Although, this year our deductible will quadruple.

I think what they're getting back to is the old style Major medical plan - utilizing HSAs.

[radiohead]

I think we lose unspent monies as well, which is why I try to figure out what I’m going to spend and keep my contribution just a little under that. I’m on medications that I refill once a month, so I’m about 90% sure of what I’ll spend from year to year on co-pays. Anything extra, we’re allowed to spend on over the counter meds, etc., so it works out.

[nina0113]

If the money rolled over into the next year, it might be a good idea. You forfeit whatever money (your own money) you have left in it at the end of the year. At least thats the case with my company’s plan.

Those are IRS rules and apply to everyone, but since the government steals so much of our money post-tax, I figured we only have to use half of it to break even. We can do that just with our prescription co-payments.