Hypothetically, if one were to leave their job now and had $3000 in an FSA, what would be the best tactic to not lose it?
1) spend it down on something before the last day… that’s a lot of random medical things to buy although I’m sure there are some worthwhile things for a middle-aged guy
- as long the expense is FSA-eligible, is there any rule preventing this?
2) cobra - I’ve read it’s possible to keep paying into it. With this be wise to do until there is a need to spend it. If you were going to spend the money either way, this would preserve the tax savings on what was already put in
3) let it go. This seems like the least wise
4) any other idea?
1) spend it down on something before the last day… that’s a lot of random medical things to buy although I’m sure there are some worthwhile things for a middle-aged guy
- as long the expense is FSA-eligible, is there any rule preventing this?
2) cobra - I’ve read it’s possible to keep paying into it. With this be wise to do until there is a need to spend it. If you were going to spend the money either way, this would preserve the tax savings on what was already put in
3) let it go. This seems like the least wise
4) any other idea?
Statistics: Posted by gtrplayer — Tue Feb 13, 2024 9:45 pm — Replies 4 — Views 329