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Fsa account question

Discussion in 'General Discussion' started by Kaylas mom, Dec 29, 2012.

  1. Kaylas mom

    Kaylas mom Approved members

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    We are using an fsa account for the first time ever this year to try to cut back on monthly bills. My question is for those who have used it or an hsa before... In jan when we fill Rx or get nicks infusion or whatever, will we only have access to the money that we have put in it.. $200 or so or the full $2500? Our deductible is high and we usually meet it within the first month or so? Just wondering what to expect.
     
  2. Jason's mom

    Jason's mom Approved members

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    Most employers go ahead and load the full amount on the card in January. So you're basically "paying back" that amount over the course of the year. You may want to double-check to be sure this will be true in your case.
     
  3. KatieSue

    KatieSue Approved members

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    FSA you have full access to all funds in January, HSA they are only available as you pay in. At least that's how our companies works.
     
  4. Amy C.

    Amy C. Approved members

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    This how it works for me. I could spend all the money in the first month.
     
  5. Kimby

    Kimby Approved members

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    We have access to all of it right away. We used it for braces and paid the bill right away and basically paid it off through the year.
     
  6. Kaylas mom

    Kaylas mom Approved members

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    Thanks, that is what I was hoping for since I am still paying off a $2,000 hospital bill for nick from April. I didn't want to start that all over again!
     

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