Our current health care plan is a PPO. To reduce our out of pocket costs, we took advantage of a Flexible Spending Account (FSA) for the year.
I had estimated our costs for the year at $1,500, so that’s what I set as our contribution for the year. Since FSA rules state that you must use your contributions during the year, I’ve been carefully tracking our usage to make sure that we don’t leave any money on the table.
I was pretty happy to see that our current balance in the FSA account stands at $16.13. Barring any unforeseen medical situations in the next two weeks, that’s going to leave us pretty well at zero after wrapping a couple charges up.
I don’t think it could have worked out any more perfectly. Depending on how things go, we’ll either have a few dollars to pay out of pocket or will have to do a quick trip at the end of the year to spend what will probably be less than $10.
Either way, that’s pretty awesome!