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Reply #112: Please read the following................... [View All]

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antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-03-07 01:58 PM
Response to Reply #107
112. Please read the following...................

It talks about the differences between health savings accounts and flex accounts. I think you are confused.

Flexible spending accounts differ from health savings accounts, which also let you use pretax money to cover out-of-pocket expenses.

With health savings accounts, which are being championed by the Bush administration, you can carry over unused money from year to year.

But you can't have a health savings account unless you also have a high-deductible insurance policy, one with an annual deductible of at least $1,050 for individuals and $2,100 for families. Except in limited circumstances, you can't contribute to both a flex account and a health savings account.
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