December 20, 2011
Would you like to experience less (financial) stress and more (money) joy this holiday season? If you're a flexible spending account (FSA) user, there's an easy way for you to get both: take a look at your current FSA account balance and spend down any remaining funds.
December 1, 2011
While the most common covered expenses include co-pays, prescription drugs and dental and vision care, here are the top 5 items you likely didn’t know were covered with a health care FSA.
October 19, 2011
In the world of personal finance, we are often told what we should do. Alas, with the seemingly endless number of positive steps you can take, that approach can sometimes leave you feeling overwhelmed.
Today I'd like to focus on something concrete, tangible, and finite that you can do to make the most of your employer's benefits offerings. Specifically I want to help you avoid 4 common mistakes.
September 20, 2011
It's that time of year again, open enrollment period. This is the annual window where you can sign up for, or adjust, your participation in a variety of employee benefits that range from traditional health insurance to one of my favorites—flexible spending accounts ("FSAs").
August 31, 2011
There's no doubt that resolving our debt crisis is important, but what is top of mind for many is to find ways to deal with our own household economic needs. Beyond broader economic solutions, the federal government should seek to implement policies that provide immediate relief to consumers struggling with such challenges as stagnant wages and the increased cost of health care.
July 27, 2011
Ask a working parent how they feel about summer and you may be surprised. Thoughts of beaches, barbecues, and balmy days at the ballpark are often overshadowed by something much less exotic – concerns about childcare.
June 13, 2011
Recently a friend emailed me a photo from a gas station. It showed a $100 price tag for filling up the tank on his 2004, fully-paid-for SUV. The message said: "Holy Cow – I've never seen a bill like this before."
December 2, 2010
The end of the year is almost here - and that means it's a great time to put any remaining balance in your flexible spending account ("FSA") to work. These funds have to be used up by the end of the year (or by the end of your workplace's grace period) or they are forfeited. So as we head into the holiday season, give yourself the gift of saving up to 40% off qualified healthcare expenses by using your FSA.
November 10, 2010
These days it feels like change is the only constant. As working Americans prepare for open enrollment – the annual window where you can make key elections to your employee benefits – it's very important to be aware of a number of recent changes that have occurred as a result of health care reform, including those changes that impact flexible spending accounts (FSAs).
October 8, 2010
It's that time of year again, open enrollment period. This is the annual window where you can sign up for, or adjust, your participation in a variety of employee benefits that range from traditional health insurance to one of my favorites – flexible spending accounts ("FSAs").
September 27, 2010
It's that time of the year again - open enrollment. This is your chance to make critical decisions that will impact you and your family during the next year. Here are three powerful tips to make sure your employee benefits really benefit you.
August 9, 2010
Hello there! Are you looking for ways to maximize your money? If so, you've come to the right place. As a personal finance author with more than 15 years of experience in the financial services industry, I've learned that managing your money does not have to be complex. In fact, by following a few simple, common sense financial steps, many hard-working Americans can sit firmly in the financial driver's seat of their lives.
“My FSA is a life saver! Last year I was diagnosed with a malignant tumor and luckily I was able to have the necessary surgeries to remove it immediately since my FSA covered all of the out-of-pocket costs for my deductible and medicines.”
Annual Savings: $816