[tabi] Re: changes to medical reimbursement

  • From: "Allison and Chip Orange" <acorange@xxxxxxxxxxx>
  • To: <tabi@xxxxxxxxxxxxx>
  • Date: Wed, 1 Sep 2010 16:59:46 -0400

well, I wish to mention that:

a) it didn't say anything about devices, only OTC meds, and
b) no one is making you use it.

If you use it, you can get a 25% or so discount on medical things, but if
you don't want to, that's fine.  I've gotten this discount, sometimes on as
much as $4000, each year for the last 5 to 10 years.

if you make your purchases near the beginning of the year, they will
actually give you money you haven't paid in yet, and so you can even earn
interest on it.

so, while it's fine for you not to like or use it, most of the rest of us
think of this as a benefit.  yes, it's one a little tedious to use, but a
thousand dollars, which is what it saved me this past year, is worth it.

and, they are doing something about the tediousness of using it.  next year,
you don't have to submit documentation and then wait to be paid; they will
give you a debit card at the beginning of the year loaded with all of your
money.  I don't yet know how they will be able to guarantee that you will
only spend it on things which qualify for FSA, but it looks to be easier.

Chip
 

-----Original Message-----
From: tabi-bounce@xxxxxxxxxxxxx [mailto:tabi-bounce@xxxxxxxxxxxxx] On Behalf
Of Joe Plummer
Sent: Wednesday, September 01, 2010 4:51 PM
To: tabi@xxxxxxxxxxxxx
Subject: [tabi] Re: changes to medical reimbursement

This is just going totally the wrong way. I all ready don't like it because
the law make it where it don't roll over. So this to me is just a way to
steal your hard earned working money. Now they going to make you have to
have a doctor note to buy otc medicine and devices. So they are just making
it even harder for you to use your money out of the fund. I personally use
my own account that I have set up for this kind of thing and I treat it just
like the medical account. The only difference is I don't have to worry about
losing my money and I get interest off it. Just my thoughts on this.
 


sign,
Joe Plummer (JP)
joeplummer@xxxxxxx
 
-----Original Message-----
From: tabi-bounce@xxxxxxxxxxxxx [mailto:tabi-bounce@xxxxxxxxxxxxx] On Behalf
Of Allison and Chip Orange
Sent: September 01, 2010 1:52 PM
To: tabi@xxxxxxxxxxxxx
Subject: [tabi] changes to medical reimbursement

medical reimbursement, also known as health savings accounts or medical
reimbursement accounts, used to pay for any over-the-counter medications or
medical devices.

this year, we received the notice below explaining a change in the rules; as
I understand it, this is a federal law change, and so would apply regardless
of your employer:

"You must have a doctor's prescription to pay for over-the-counter (OTC)
medications using funds from your HSA or to file an MRA claim; for example,
if you take a daily OTC allergy medicine, ask your doctor to write a
prescription and then submit the prescription with your MRA claim. If you
have an HSA, you should keep the prescription with your OTC receipt."

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Check out the TABI resource web page at
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and please make suggestions for new material.



if you'd like to unsubscribe you can do so through the freelists.org web
interface, or by sending an email to the address tabi-request@xxxxxxxxxxxxx
with the word "unsubscribe" in the subject.

Check out the TABI resource web page at http://acorange.home.comcast.net/TABI
and please make suggestions for new material.



if you'd like to unsubscribe you can do so through the freelists.org web 
interface, or by sending an email to the address tabi-request@xxxxxxxxxxxxx 
with the word "unsubscribe" in the subject.

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