Comments

  1. Thanks for highlighting this important 2011 flexible spending account change! Many people use the over-the-counter drugs to close the estimation gap and avoid losing their funds. Given this new change we will definitely have to take a closer look at our estimations.

    • Absolutely. End of the year purchases are a popular to make sure you use up all of your funds but you can’t always look for prescriptions to get.

  2. We just used a calculator on http://savemyflexplan.org/ to figure out the tax impact on us for our Flex plan based on the changes to FSAs. Since we are in the 28% tax bracket and put $3000 in our FSA last year, we would see an increase in our taxes of $1070. Ouch. I’m not liking that much.

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