HomeBusiness & TechnologyEmployee BenefitsHow to Pick an Employee Benefit Plan
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If you're going to throw money away, at least make sure it felt good afterward.
by roadiem | Jan 18 '01
Flexible spending accounts are a powerfully useful tool if done correctly. Count the beans wrong, and that's all you'll be able to afford to eat.

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Comments on If you're going to throw money away, at least make sure it felt good afterward." (3 total)  
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by Arthur.Rubin
IRS rules prevent the money being returned to you, but....

My present employer moves all the non-returnable money to a scholarship fund after March 31 of the following year. At least that's a good cause.

Sep 04 '01
3:58 pm PDT

IRS and fair: never the twain shall meet (Reply to this comment)
by pipet
My husband and I are careful & tend to underestimate. I too, have wondered who gets your money if you goof.
Mar 21 '01
9:13 am PST

My first comment on the new system! (Reply to this comment)
by Joubert
I agree that miscalculating is a terrible thing. The answer I've typically been given in these situations is that the companies *lose* money when an employee files a claim for funds that are expected later in the year and then leaves the company. Obviously, the programs are profitable or they would not be offered. Unfortunately, my family's problem is just the opposite - we want to put more in a 125 account and are at the legal max now. ;-)
Jan 24 '01
10:35 am PST