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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 17921  
Subject: Re: Why a medical savings account? Date: 2/7/2001 8:42 PM
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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.

intercst
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