UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 17953  
Subject: Re: Why a medical savings account? Date: 2/7/2001 8:42 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
yankeesmyteam writes,

I have used a msa as an employee, and I find them great, but you have to be conservative on how much you put in because if you don't use you lose.

If your kid has allergies, or if you have some disease that requires regular care not a bad idea. With some kids it is not too bad an idea to put some money away.

I heard Congress might pass legislation allowing your MSA to be rolled over to the follow year so keep your eye out.

I think you're talking about an FSA (Flexible Spending Account) rather than an MSA (Medical Savings Account).

I'm not aware of any provisions in an MSA where if you don't spend the money this year you lose it. The whole idea of an MSA is to save up enough money to pay the high annual deductible on the insurance policy if you have an expensive illness.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.