FSA's are (or at least were) the biggest scam run by banks. Why would my money 'expire' after 1 year? Why would I have to hand over any unused money? It is kindof the same with my HSA that I can only get 2 years of contributions from my employer if I don't use $750 of healthcare a year. I would rather have it be good for my entire lifetime.
I had it for one year, and I did buy some OTC allergy medicine w/o a prescription.
And don't get me started on the small interest rate when interest rates were higher, and the monthly fee for not contributing any money to your account (For my old HSA).
It sounds like a reasonable program for healthy, well-to-do financially, average people. But the insurance companies and banks have screwed it up. I bet the insurance company would lower my rates if I had $15,000 saved in an account by now.
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