The Welfare System Stole $2k From Me
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This is a long rant about Flexible Savings Accounts, which are these ridiculous schemes that allow you redirect some of your untaxed paycheck into accounts t...

Shit like this is the cornerstone of modern liberal policymaking. I already knew that rich people can get higher tax brakes with these - poor people who pay little in taxes can get literally a 0% tax break in some cases. But apparently, you just LOSE all of the money every 12-14 months (depending on the plan) and it is gone forever? You can literally LOSE money (in total) with a stupid savings account. Insane! And yea, it can be technically "your fault" for forgetting to file claims, but if you didn't have any healthcare costs in that year... you can't file any claims and you just lose all of the money. You are literally gambling.

  • mkultrawide [any]
    ·
    2 years ago

    HRAs (Health Reimbursement Account) are funded 100% by your employer, but you don't get to take the money with you when you leave. My old employer had one that covered the second $2500 of the $5000 deductible once you covered the first half. It's good that you dropped the FSA, even if it's by accident.