Late last week I blogged about how a flexible spending account (FSA) can save you money.
I thought I would share some information I received from Bonnie at Plan For Your Health, a public education program put together by Aetna & the Financial Planning Association.
If you are considering contributing to an FSA, please realize that the open enrollment periods are limited. If you don’t sign up during the designated time frame, you’ll have to wait a whole year to take advantage of the savings. There are even more helpful tips on making smart benefits decisions at the website.
I’ve also had a few readers ask me for advice on how to figure out how much money they should put in an FSA. Plan For Your Health has a nifty health expense calculator that can help you figure that out.
Obviously, this is just one resource available to you. Be sure to check with your employer to find out all the details on your individual plan options.