HCSA for 2014 Retirees-FedEx
09-21-2013, 09:40 AM
#21
...Whatever It Is!
Joined APC: Jul 2006
Posts: 4,680
Originally Posted by O'DarkThirty
Only prescription drugs can be used with your Health Care Spending Account. From the Pilot Flexible Spending Accounts HCSA booklet; "Effective in 2012, over-the-counter (OTC) medications require a prescription in order to be considered an eligible expense under the HCSA". There are exceptions, go to www.wageworks.com for the most up-to-date information.
09-21-2013, 09:44 AM
#22
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Joined APC: Apr 2006
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Posts: 4,304
Originally Posted by MD11Fr8Dog
Copays too! The gubmint made that change! I dumped the HCSA! Not worth the hassle.
I've had LOTS of medical bills this year. Used my HCSA for ALL my copays until it ran out of prepaid funds ... EASY!
09-21-2013, 09:50 AM
#23
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Joined APC: Jul 2006
Posts: 4,680
Originally Posted by MaydayMark
I've had LOTS of medical bills this year. Used my HCSA for ALL my copays until it ran out of prepaid funds ... EASY!
Of course, YMMV!
09-21-2013, 10:08 AM
#24
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Posts: 4,304
IRS medical expenses?
Originally Posted by MD11Fr8Dog
I can still claim the expense and get the tax deduction!
Technically, you can only claim medical expenses that exceed 10% of your income. Not many of us meet that criteria, not even me after major surgery, intensive care, MRI's, CAT Scans, medications, follow up visits ...
2013 changes to itemized deduction for medical expenses
09-21-2013, 10:15 AM
#25
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Joined APC: Jul 2006
Posts: 4,680
Originally Posted by MaydayMark
Technically, you can only claim medical expenses that exceed 10% of your income. Not many of us meet that criteria, not even me after major surgery, intensive care, MRI's, CAT Scans, medications, follow up visits ...
2013 changes to itemized deduction for medical expenses
2013 changes to itemized deduction for medical expenses
09-21-2013, 10:39 AM
#26
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Joined APC: Nov 2006
Position: 767 FO
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Originally Posted by MD11Fr8Dog
Still not worth the effort for less than $1000 in expenses each of the past 3 yrs, even with a child (almost 10yo).
09-21-2013, 11:22 AM
#27
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Joined APC: Jul 2006
Posts: 4,680
Originally Posted by FDXLAG
Agree it almost not worth the hassle but some of the additional uses are glasses, physical therapy, and paying the deductible at the begining of a plan year.
09-24-2013, 08:10 PM
#28
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Originally Posted by MD11Fr8Dog
Agree, but I've still come out ahead the last 3 yrs!
09-24-2013, 08:36 PM
#29
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Joined APC: Jul 2006
Posts: 4,680
Originally Posted by TheBaron
Not if you had planned correctly. I know I'm going to hit the deductible and at least a few co-pays for annual physicals, sport physicals, dental co-pay. Pretty easy to figure out your known expenses and use pretax dollars to pay for those. I can easily use the $800 in tax savings for something I want...instead of letting Uncle Sam use it to buy some welfare recipient a new iPhone.
09-25-2013, 12:02 AM
#30
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Joined APC: Jul 2006
Position: 767 Cap
Posts: 1,306
Originally Posted by FDXLAG
Agree it almost not worth the hassle but some of the additional uses are glasses, physical therapy, and paying the deductible at the begining of a plan year.
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