Comments on: And another benefit to flexible spending http://www.bluntmoney.com/and-another-benefit-to-flexible-spending/ Wed, 12 Oct 2011 07:20:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bluntmoney http://www.bluntmoney.com/and-another-benefit-to-flexible-spending/comment-page-1/#comment-29140 bluntmoney Sat, 26 Jan 2008 21:57:47 +0000 http://www.bluntmoney.com/and-another-benefit-to-flexible-spending/#comment-29140 Yes, that's true. I do have my big expenses scheduled for early in the year though. Yes, that’s true. I do have my big expenses scheduled for early in the year though.

]]> By: broknowrchlatr http://www.bluntmoney.com/and-another-benefit-to-flexible-spending/comment-page-1/#comment-28829 broknowrchlatr Fri, 25 Jan 2008 13:30:46 +0000 http://www.bluntmoney.com/and-another-benefit-to-flexible-spending/#comment-28829 I think you can look at this either way. If you use the money before its accumulated, its like getting an interest free loan until you contribute that much. If you use it afterwards, its an interest free deposite from when you put it in till you use it. Figuring that the collection of all people in the plan will have expenses fairly randomly distributed throughout the year, it breaks about even. Where you can win is if you intentionnally plan for a big expense to happen in January. Like holding off a surgery till them and paying it off throughout the year. I used to have a FSA but am switched to a HDHP a couple years ago and now save in a Health Savings Account.. where you lose the benefit of using the money before you contribute but gain interest or investment gain and don't have to use it by the end of the year. I think you can look at this either way. If you use the money before its accumulated, its like getting an interest free loan until you contribute that much. If you use it afterwards, its an interest free deposite from when you put it in till you use it. Figuring that the collection of all people in the plan will have expenses fairly randomly distributed throughout the year, it breaks about even.

Where you can win is if you intentionnally plan for a big expense to happen in January. Like holding off a surgery till them and paying it off throughout the year.

I used to have a FSA but am switched to a HDHP a couple years ago and now save in a Health Savings Account.. where you lose the benefit of using the money before you contribute but gain interest or investment gain and don’t have to use it by the end of the year.

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