Searching for health care can get
exhausting with all the options out there and the cost associated with
coverage. When we started shopping around for insurance for our family of five, I was blown away by how expensive it was!! And I wasn't excited to pay that much for coverage we rarely use, since we don't go to the doctor hardly ever. The good thing is - there are alternatives.
You may be wondering what alternatives you have and may be surprised
to find that you can save on health care. Through an employer-sponsored
Flexible Spending Account (FSA) you can put aside tax-free money to cover
qualified health expenses. I am so happy that we can do this through my husband's work plan, which we are hoping to get on in the future.
Because the FSA is pre-tax not
only do you save on FSA
eligible products, but your FSA can let you shop for thousands of common
health products including sunscreen, contact lens solution, band-aids, heat wraps
and baby care.
During every FSA plan year, employers take
money out of your paychecks based on how much you selected to put aside. Starting
this year, you will be limited to $2,500 per person to put into your FSA.
FSAs are “use it or lose it,” so any money
unspent gets forfeited when your plan year ends. Don’t worry! Some employers have
a grace period –extension of FSA coverage – up to two and a half months. One
big deadline ends on March 15. Check it out soon and don't forget to use promo code BLOG5 at checkout to receive $5 off your order of $50 or more.
This is a sponsored post written by Cara. All opinions expressed are 100% her own.
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