Comments for Flexible Spending Accounts Online

Comment on Flexible Spending Accounts and Dependent Care: Time to Raise the Limit? by Steve

Steve — Tue, 28 Jul 2009 13:09:26 +0000

Is Congress planning to provide relief for the many job seekers who may remain unemployed through year end 2008, the deadline for finding employment to qualify for 2008 dependent care expense deductions? My wife has allocated 2 days a week to see employers, agencies and networking to find a job. Therefore, we have placed our child in daycare for these 2 days as paid for through my our FSA as I am thankfully employed. If she doesn’t find work by year end then we will loose our dependent care deduction placing more stress on our financial condition.

Comment on Health Spending Accounts - A Comparison by Medical Savings Account Basics - A Quick Rundown of the Differences? | Flexible Spending Accounts Online

Fri, 17 Jul 2009 15:49:49 +0000

[...] second type of medical savings account is a Health Reimbursement Arrangement (HRA). It is similar to an FSA but the employer contributes to the account instead of the employee. [...]

Comment on Cafeteria Plan: What Is It and Why Should We Care by Medical Savings Account Basics - A Quick Rundown of the Differences? | Flexible Spending Accounts Online

Fri, 17 Jul 2009 14:23:01 +0000

[...] of these, the Flexible Spending Account (FSA), is also referred to as a Section 125 plan or “cafeteria plan.” This plan allows participants to put pre-tax money into the account each year to cover [...]

Comment on HSA Insurance - An insurance account or a savings plan? It’s both! by Cafeteria Plan: What Is It and Why Should We Care? | Flexible Spending Accounts Online

Thu, 16 Jul 2009 22:45:34 +0000

[...] savings accounts (HSA insurance plans), including distributions to pay long-term care [...]

Comment on HSA Insurance - An insurance account or a savings plan? It’s both! by Medical savings account info | Medical flex account info | Flexible Spending Accounts Online

Thu, 16 Jul 2009 22:40:53 +0000

[...] by the Medicare reform bill and signed into law in December 2003, HSA insurance plans enable Americans to pay for near-term medical expenses while saving for future long-term [...]

Comment on Flexible Spending Accounts and Dependent Care: Time to Raise the Limit? by Flexible spending arrangement - FSA - Flexible spending account | Flexible Spending Accounts Online

Thu, 16 Jul 2009 20:14:05 +0000

[...] financial accounts that can be set up through a cafeteria plan of an employer in the United States. Flexible spending accounts allow an employee to set aside a portion of his or her earnings to pay for qualified expenses as [...]

Comment on Flexible Spending Accounts and Dependent Care: Time to Raise the Limit? by Cafeteria Plan: What Is It and Why Should We Care? | Flexible Spending Accounts Online

Thu, 16 Jul 2009 20:12:31 +0000

[...] cafeteria plan frequently obtain benefits such as health insurance, group-term life insurance, and flexible spending accounts through the plan. Most of these plans are offered through a “salary reduction [...]

Comment on Flexible Spending Accounts and Dependent Care: Time to Raise the Limit? by HSA Insurance - Plans, Policies, Accounts and Services | Flexible Spending Accounts Online

Thu, 16 Jul 2009 19:57:31 +0000

[...] time constraints. HSA insurance accounts have an advantage over Flexible Spending Accounts because deposits aren’t tied to expenses in a particular plan or calendar year. They are [...]

Comment on HSA Insurance - An insurance account or a savings plan? It’s both! by Health Spending Accounts Comparison - Health Savings Accounts (HSA) | Flexible Spending Accounts Online

Thu, 16 Jul 2009 19:21:05 +0000

[...] HSA insurance funds can accumulate earnings, which are not taxed unless funds are withdrawn for nonmedical expenses. If withdrawn for nonmedical purposes, savings from these health spending accounts are considered taxable income and are subject to income taxes in addition to a 15-percent penalty tax. If the employee becomes disabled or reaches Medicare eligibility age, however, distributions for nonmedical expenses from the health savings account are subject only to ordinary income tax, not the penalty tax. [...]

Comment on HSA Insurance - An insurance account or a savings plan? It’s both! by Fexible spending arrangement - FSA - Flexible spending account | Flexible Spending Accounts Online

Thu, 16 Jul 2009 19:19:00 +0000

[...] similar to a health savings account (HSA) or a health reimbursement account (HRA). However, while HSA insurance plans and HRAs are almost exclusively used as components of a consumer driven health care plan, [...]