Originally Posted by Rambo
What did you put in there, $200?
A little more, but yeah, not enough. I'm new to these things so I don't quite know what to do.. In 2010 (first year having one), I didn't put anything into my FSA since I was wary of the fact that you can't keep it if you don't use it all...and then ended up barely having any expenses. Wouldn't have been worth the effort of filling out the paperwork to use pretax dollars.
In 2011, I didn't put anything in (since it would have gone to waste in '10) and got into an accident and blew through way more than I would have ever put in there.
Still a bit wary of using it (didn't plan to have another accident
) but then I realized that you could buy things like eyeglasses or first aid stuff with whatever is left over at the end of the year (cyclists are all out stocking up on tegaderm in december)
So for 2012, I'd throw in money to cover some new eyeglasses plus copays for planned visits and some extra for either unexpected things (or some more sunglasses and/or fancy bandages if I had leftovers). Ended up with an unplanned root canal and crown so I blew the budget (even after insurance) but that's ok.
For 2013, I figured I'd do about the same. Any major issues will obviously send it over the limit, but anything like 2006-2010 will leave me with a little left over.
2013 election was due last week, and then this morning I end up having to make a follow up appointment and they can't do it until January (and thus could be covered with 2013 FSA money). If I had known this one week earlier, I could have doubled or tripled my FSA contribution