Comments on: Flexible Spending Account Reimbursements Simplified http://moneysmartlife.com/flexible-spending-account-reimbursements-simplified/ Money Tips for a Better Life Fri, 10 Feb 2012 18:59:59 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Medical Expenses & Income Tax Deductions | Money Smart Life http://moneysmartlife.com/flexible-spending-account-reimbursements-simplified/comment-page-1/#comment-172712 Medical Expenses & Income Tax Deductions | Money Smart Life Thu, 11 Mar 2010 06:22:47 +0000 http://www.moneysmartlife.com/2007/01/09/flexible-spending-account-reimbursements-simplified/#comment-172712 [...] If you decide to use an FSA you have to carefully manage your receipts for medical expenses and submit them to the plan administrator, who reimburses you for qualified costs out of your FSA account balance.  Here are some tips for getting the most from your flexible spending account payments.  [...] [...] If you decide to use an FSA you have to carefully manage your receipts for medical expenses and submit them to the plan administrator, who reimburses you for qualified costs out of your FSA account balance.  Here are some tips for getting the most from your flexible spending account payments.  [...]

]]> By: links for 2007-01-10 » Personal Finance - Save Money at Binary Dollar http://moneysmartlife.com/flexible-spending-account-reimbursements-simplified/comment-page-1/#comment-388 links for 2007-01-10 » Personal Finance - Save Money at Binary Dollar Wed, 10 Jan 2007 19:40:26 +0000 http://www.moneysmartlife.com/2007/01/09/flexible-spending-account-reimbursements-simplified/#comment-388 [...] Flexible Spending Account Reimbursements Simplified Most important tip? Use it or lose it. (tags: money finance fsa) [...] [...] Flexible Spending Account Reimbursements Simplified Most important tip? Use it or lose it. (tags: money finance fsa) [...]

]]> By: Personal Finance » Blog Archive » Flexible Spending Account Reimbursements Simplified http://moneysmartlife.com/flexible-spending-account-reimbursements-simplified/comment-page-1/#comment-384 Personal Finance » Blog Archive » Flexible Spending Account Reimbursements Simplified Wed, 10 Jan 2007 01:21:53 +0000 http://www.moneysmartlife.com/2007/01/09/flexible-spending-account-reimbursements-simplified/#comment-384 [...] Read more at Money Smart Life « Festival of Frugality - #56 Emergency fund: how much is enough? » [...] [...] Read more at Money Smart Life « Festival of Frugality – #56 Emergency fund: how much is enough? » [...]

]]> By: Ben http://moneysmartlife.com/flexible-spending-account-reimbursements-simplified/comment-page-1/#comment-382 Ben Tue, 09 Jan 2007 17:38:18 +0000 http://www.moneysmartlife.com/2007/01/09/flexible-spending-account-reimbursements-simplified/#comment-382 Good point Sun, the employer doesn't have to offer the extension. Unfortunately, if a person's company doesn't make the extension available then any funds not used for 2006 are already forfeit. The first year I contributed to a FSA I ended up not using and losing about $20. It wasn't a ton of money but it sucked losing my hard earned income just because I didn't follow through. I won't let that happen again! Good point Sun, the employer doesn’t have to offer the extension. Unfortunately, if a person’s company doesn’t make the extension available then any funds not used for 2006 are already forfeit.

The first year I contributed to a FSA I ended up not using and losing about $20. It wasn’t a ton of money but it sucked losing my hard earned income just because I didn’t follow through. I won’t let that happen again!

]]> By: Sun http://moneysmartlife.com/flexible-spending-account-reimbursements-simplified/comment-page-1/#comment-381 Sun Tue, 09 Jan 2007 14:57:21 +0000 http://www.moneysmartlife.com/2007/01/09/flexible-spending-account-reimbursements-simplified/#comment-381 Actually, the two and half months extension isn't mandate but an option for employer (<a href="http://www.irs.gov/irb/2005-23_IRB/ar11.html" rel="nofollow">IRS Notice 2005-42</a>), so one does have to check with his/her employer to make sure this option is offered. Actually, the two and half months extension isn’t mandate but an option for employer (IRS Notice 2005-42), so one does have to check with his/her employer to make sure this option is offered.

]]>