Submitted by Cole-Rex t3_z8e15t in personalfinance
bas237 t1_iyb574o wrote
It allows you to pay deductibles and other medical expenses with pre tax money. It saves us many hundreds per year.
Cautious_General_177 t1_iyb5ka5 wrote
Be aware, this is NOT an HSA, so you can only carry over a certain amount if it's not used. That being said, if you know about how much you will use on qualifying expenses (there's a decent list that may include things like gym memberships) you can at least plan for that and have it set aside.
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