I have a managed care plan. Do I have enough out-of-pocket expenses to make a health care flexible spending account worthwhile?
Even though you may be enrolled in a managed care plan or health maintenance organization, you may still incur out of pocket expenses not covered by those plans. Some examples of those expenses include: co-payments, deductibles, eye exams, eyeglasses, contact lenses, prescription co-payments, chiropractic treatment, orthodontia and dental work. A health care flexible spending account can be a valuable way to fund these expenses on a tax-free basis. Use the Health Care Budget Worksheet on this site to help you estimate your out of pocket expenses.
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- Do I have enough out-of-pocket expenses to make a Health Care Flexible Spending Account worthwhile?
