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3 Bumps

Why limit the FSA contributions?

For a person battling Cancer, per se, the medical bills can be astronomical. If you have an FSA account through work, you can set aside money pre-tax to pay for treatment. The new limit as of 2013 is $2500. That's not a big drop in the proverbial medical bucket.

If they are so concerned about people not going into debt for medical expenses, wouldn't they have made FSA contributions unlimited, so people could better plan for their own personal needs?

http://www.foxnews.com/politics/2010/12/27/irs-backs-pharmacy-ban-flex-account-debit-cards/

Answer Question
 
lovinangels

Asked by lovinangels at 7:06 PM on Dec. 27, 2010 in Politics & Current Events

Level 39 (112,638 Credits)
Answers (9)
  • No, because it's tax free. They want as much as our money as they can get. I seriously doubt that patient out of pocket expense and responsible planning are anywhere on their radar.

    QuinnMae

    Answer by QuinnMae at 7:18 PM on Dec. 27, 2010

  • Because now more than ever the government needs every penny of tax revenue!! We have an FSA for our children's autism therapies--since we spend over $20,000/year on both of them, and yet Obama is trying sooooo hard to help those families dealing with autism (and other medical conditions)! At least (for know) we are able to itemize our medical expenses, and we get a little reprieve. How are those promises coming along dealing with autism, Mr. President?! (sarcasm)

    LoriKeet

    Answer by LoriKeet at 7:25 PM on Dec. 27, 2010

  • Makes too much sense.
    Anonymous

    Answer by Anonymous at 7:25 PM on Dec. 27, 2010

  • Boy, someone isn't too happy with reality!! LOL :oP
    LoriKeet

    Answer by LoriKeet at 7:36 PM on Dec. 27, 2010

  • Looks like the LK Fan Club is busy with their thumbs tonight.

    QuinnMae

    Answer by QuinnMae at 7:42 PM on Dec. 27, 2010

  • Looks like the LK Fan Club is busy with their thumbs tonight.

    ***
    LOL! Aren't they cute?! :o)
    LoriKeet

    Answer by LoriKeet at 8:05 PM on Dec. 27, 2010

  • Cute? IDK. I was going to say predictable. LOL.


    Oh well, po-tay-toe . . . po-tah-toe.  ;o)

    QuinnMae

    Answer by QuinnMae at 8:37 PM on Dec. 27, 2010

  • Well, that would just make too much sense wouldn't it?

    yourspecialkid

    Answer by yourspecialkid at 9:27 PM on Dec. 27, 2010

  • what happens when you cant pay your hospital bill means the tax payers pick up the bill its is called medicaid spenddown. so it takes the total amount of what treatment is going to cost you in the long run and then spins down your income so that you qualify for health care through medicaid.. I know this because when my daughter and son were born premature they calculated the cost of their care and then cut down our income because of the cost of the medical and then we were put on insurance...
    mrssundin

    Answer by mrssundin at 9:28 PM on Dec. 27, 2010

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