Comments on: Saving Money On Medical Expenses http://notmadeofmoney.com/blog/2007/01/saving-money-on-medical-expenses.html Save Money - A Personal Finance Blog By A Husband And Wife Thu, 11 Mar 2010 16:41:11 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Too Many Debts » Blog Archive » Welcome to the 83rd Carnival of Personal Finance! http://notmadeofmoney.com/blog/2007/01/saving-money-on-medical-expenses.html/comment-page-1#comment-3860 Too Many Debts » Blog Archive » Welcome to the 83rd Carnival of Personal Finance! Wed, 24 Jan 2007 16:28:08 +0000 http://notmadeofmoney.com/blog/2007/01/saving-money-on-medical-expenses.html#comment-3860 [...] Not Made of Money shows us how to save on medical expenses [...] [...] Not Made of Money shows us how to save on medical expenses [...]

]]> By: Donna http://notmadeofmoney.com/blog/2007/01/saving-money-on-medical-expenses.html/comment-page-1#comment-3617 Donna Sat, 20 Jan 2007 12:07:16 +0000 http://notmadeofmoney.com/blog/2007/01/saving-money-on-medical-expenses.html#comment-3617 Have you contributed to your flexible spending account at work? It allows you to pay for your medical expenses using pre-tax dollars (effectively saving you the percentage of your tax rate, i.e., if you are in a 25% tax rate, you save 25% on all medical expenses). I wrote an article about it at my web site, www.takingcontrolovermoney. It's called How to Take Control Over Your Flexible Spending Account and can be found at http://www.takingcontrolovermoney.com/taking_control_over_revenue/how_to_take_advantage_of_yo.html. I'm not trying to plug my own website, I just didn't know if you knew about how beneficial these plans are. Medical expenses (including premiums!!!!) are outrageous -- we figure that premiums, the extra costs and the dentist, etc. could well eat up $10,000.00 per year for a family of 4 (we pay a huge portion of our family premium but our insurance is "paid for" by my husband's employer). I use my insurance correctly and I still end up finding medications that are not covered or are EXTREME co-pays. And forget the dentist, we have dental insurance through both employers and have yet to find a "good" dentist in the plan. If you go outside of the plan, we get back about 1/4 -1/2 of what we spend. It's ridiculous. Glasses are the same story -- I think the eyeglass places particpate to get the plan people in the door. When they say inflation is not increasing, I don't think they are taking into account all of this! Thanks for your article, you really got me thinking on this early Saturday a.m. Donna Have you contributed to your flexible spending account at work? It allows you to pay for your medical expenses using pre-tax dollars (effectively saving you the percentage of your tax rate, i.e., if you are in a 25% tax rate, you save 25% on all medical expenses). I wrote an article about it at my web site, http://www.takingcontrolovermoney. It’s called How to Take Control Over Your Flexible Spending Account and can be found at http://www.takingcontrolovermoney.com/taking_control_over_revenue/how_to_take_advantage_of_yo.html. I’m not trying to plug my own website, I just didn’t know if you knew about how beneficial these plans are. Medical expenses (including premiums!!!!) are outrageous — we figure that premiums, the extra costs and the dentist, etc. could well eat up $10,000.00 per year for a family of 4 (we pay a huge portion of our family premium but our insurance is “paid for” by my husband’s employer). I use my insurance correctly and I still end up finding medications that are not covered or are EXTREME co-pays. And forget the dentist, we have dental insurance through both employers and have yet to find a “good” dentist in the plan. If you go outside of the plan, we get back about 1/4 -1/2 of what we spend. It’s ridiculous. Glasses are the same story — I think the eyeglass places particpate to get the plan people in the door. When they say inflation is not increasing, I don’t think they are taking into account all of this! Thanks for your article, you really got me thinking on this early Saturday a.m.

Donna

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