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Old 03-24-2010, 10:42 AM   #10
Papa_Complex
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Location: Brampton, Canada
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Quote:
Originally Posted by goof2 View Post
Health care flexible spending accounts are tax free accounts managed by a person's insurance where a person can deposit money to cover health expenses throughout the year. The government sets the limits on the amount that is tax free and what the accounts can be used to purchase. This "reform" cuts both.
My mother's additional benefits package is a "flex care" setup, so I understand the principle, if not the application in the US. Interesting. I'll be reading more to see how this all pans out but my feeling at this point is that no one does, and that there's a hell of a lot of FUD going on.
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