Comments on: How Does A Flexible Spending Account Work?

By: kerri

kerri — Wed, 27 Oct 2010 18:45:32 +0000

I am a FSA Claims Specialist. Our customers are very happy with our payment turnaround. As long as you have us your request for reimbursement by Tuesday @ 5 pm, you will receive you payment THAT SAME WEEK.

check out Benefit Solutions, Inc. at yourflex.com

By: lk

lk — Sat, 28 Aug 2010 21:21:25 +0000

Ace bandages and other first aid supplies are reimburseable with an FSA account.

But I must say that the attitude of getting something for nothing is certainly prevalent in today’s mentality. I agree that the tone of the articles borders on dishonesty.

Also when using the debit card for your plan keep every receipt…we have had requests numerous times to document purchases made with the card…even those made at a pharmacy.

By: jl

jl — Tue, 22 Dec 2009 01:30:07 +0000

My company does not have the flex card for reimbursement. I have to turn in receipts and then they cut me a check? My question is how fast do they have to repay me, are there rules for this? It usually takes weeks and plenty of asking for it. are there any recourses?

By: jim

jim — Tue, 06 Jan 2009 04:57:11 +0000

It depends on when your plan’s year runs and whether you have a grace period. My first employer had a July to June year and had a one month grace period. That meant that you could spend money in July 2008 and still count it against the 2007 – 2008 plan year. Call your HR administrator to find out for sure.

By: Barry

Barry — Tue, 06 Jan 2009 04:54:17 +0000

Can I pay for expenses I incurred last year using this year’s Flex Benefits monies? I have some balances left over to pay. I have a Mastercard issued by the Flex Benefits administrator.

By: Mercy

Mercy — Wed, 31 Dec 2008 00:30:50 +0000

There’s nothing technically wrong with this article, but the tone of it is dishonest. The author says that you can sneak non-reimbursable items through if the FSA people are not paying attention. Score! Right? Ugh. Bragging about it reminds me of when I was a cashier at a grocery store decades ago and people on Food Stamps would try to get me to let them buy cigarettes. FSAs are really great tools for tax saving and they sometimes make it possible to pay costs for unexpected expenses ahead of time. I’m sorry that some people are constantly looking for the way to cheat.

By: Mad in Kansas City

Mad in Kansas City — Sat, 03 May 2008 10:38:55 +0000

Looking at the flex spending on this site and have a question. I have left my job with a + money on my flex spending at the time I left. Now I did have a lot taken out but I was under the understanding that when I leave the funding would stop at that date. I found this want the case and my employer withdrew ALL the funds for the whole year. I could see if I spent x amount and was in the hole for the money to withhold the money. Have you ever heard of anything like this?

By: marlaine gaylor

marlaine gaylor — Wed, 02 Jan 2008 20:05:15 +0000

Our company is working with MBI, a horrible managed company, however, I elected benefits, left the company. Came back as a new hire, and reinstated my flex benefit card, and after using it, they want receipts from January which I don’t have. Used my card at Walgreens, so they temporarily suspended my card, so for the whole year, I could not use my card. Now this is 2008 and they still have my card suspended. this happen to anyone?

By: fivecentnickel.com

fivecentnickel.com — Wed, 10 Aug 2005 18:54:23 +0000

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