Sunday, May 8, 2011

Medical Reimbursement Accounts

Want to pay for your medical bills with pretax money?

Just open up a medical reimbursement account. These can save money but I'm seriously wondering if mine is worth the days I've lost jumping through the hoops they set up.

If you decide to use one of these be ready to spend hours or maybe even days copying, printing, and mailing in forms to them. Be sure the forms are filled out exactly as they specify and that ALL of your claims have the proper documentation. Be sure to spend every dime before the time expires or you get fired, laid off, or quit your job. Otherwise, they keep your money.

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