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To: McGavin999
I understand it's offset somewhat by higher insurance costs but if the employers would sign on for Medical Savings Accounts that would be taken care of. The employer usually pays for the policy that picks up catastrophic illness, the employee puts his portion of the insurance premium into a savings account and what is not used up can be rolled into retirement accounts.

Huh? My employer told me that the balance in the pre-tax medical savings account they offer disappears at the end of each year, and can't be "rolled" into anything else.

39 posted on 03/30/2005 12:26:58 PM PST by Kretek
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To: Kretek
Huh? My employer told me that the balance in the pre-tax medical savings account they offer disappears at the end of each year, and can't be "rolled" into anything else.

Use it or lose it at the end of the year.

41 posted on 03/30/2005 12:36:17 PM PST by afnamvet (31st Fighter Wing Tuy Hoa AB RVN 68-69 "Return With Honor")
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To: Kretek

Did they change the law? I know that was what was in the original bill. The best part of that would be the advantage to young people.


46 posted on 03/30/2005 1:34:23 PM PST by McGavin999
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To: Kretek
Huh? My employer told me that the balance in the pre-tax medical savings account they offer disappears at the end of each year, and can't be "rolled" into anything else.

The old (and still around) Flexible Spending Accounts are use it or lose it, the new Medical Savings Accounts (which I think are tied to high deductible health insurance policies) are not "use it or lose it".

48 posted on 03/30/2005 1:37:42 PM PST by NeoCaveman (Abortion, euthenasia, socialized medicine, don't Democrats just kill you.....)
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