ICUpikachu t1_itwvvtv wrote on October 26, 2022 at 10:02 PM

Reply to comment by LiveToSee22 in Easiest way to take advantage of HSA/FSA plans for routine expenses by LiveToSee22

FSA is far riskier, can’t be carried over in full from year to year to grow. It’s truly “use it or lose it”

You really need to know how much you’ll be spending each year.

Honestly to me, I wouldn’t even bother. I worked for a FSA custodian and the pain in the butt it is to get the receipts in that you need to fulfill the requirements can be a headache and time sink.

If you got laid off mid year but never used the funds and never saw a doctor yet? All that money just POOF lost.

Some companies let you roll over like $550 into the next plan year perpetually, even then if you never use it and get laid off or quit it goes POOF.

wilder_hearted t1_itwy65s wrote on October 26, 2022 at 10:18 PM

We have an FSA card, and an app. Take a photo of the receipt and easy upload. Don’t need to supply receipts for pharmacy items.

ICUpikachu t1_itx1hho wrote on October 26, 2022 at 10:43 PM

It’s possible being the call center I only saw the people that had problems. In a perfect world it works that way. My company had an app too. The times people would upload blurry or non itemized receipts then need to get new ones or an EOB is SO many.

Our app also has a 4 receipt limit. If you hit that limit? You had to fax in the receipt like it’s 1980.

And my goodness you try telling a man that didn’t bother looking into how these accounts work that he just forfeited $2750 because he didn’t use the money all year.