Ive never used this before because I wasnt interested in attempting to guess how much Id spend in a year, and losing any leftover money if I guessed wrong. Now I might consider it although the $500 limit seems too low. Why not allow a reasonable margin of error, Id say $1500 at least (medical expenses are no joke), and allow more money to roll over if not used. The money will still eventually have to be used for healthcare, and if your balance gets too big, you simply add fewer funds next year. I dont think any amount should ever be lost. If you wind up not using it for medical expenses....you should simply be able to withdraw it and pay the applicable amount of taxes. This could b a simple, effective, and useful program but as usual the gooberment has made it overly complicated and added a penalty to screw you if you dont guess exactly how much you will spend on medical expenses next year. What if you dont get sick all year??? You lose all the money??? Yeah, great plan congress. Ugh!
Posted on: Mon, 08 Sep 2014 15:42:38 +0000
Trending Topics
Recently Viewed Topics
© 2015