I have mentioned before about the healthcare bill just passed by Congress and the little “tid bits” we would find out about later on that would not make our healthcare cheaper in the long run for most of us and wanted to share what I have recently found out.  The insurance rep for my wife’s employer has told her about several changes that will affect the working person. 1) Any money that remains in your Flexible Spending Account cannot be used for over the counter medications.  I know at the end of the year if there is money remaining in the account and instead if losing it we would go spend it on over the counter meds to keep this from happening.  2) The second issue has to do with Health Savings Accounts (HSA). In this type of account money is placed in before taxes are taken from your pay check this helps reduce your tax burden just like a 401k.  According to the new requirements any amount contributed over $2,500.00 to the HSA cannot be deducted from taxes!!  Apparently these new requirements are a result of the healthcare bill that was passed by Congress and signed by the President.

I have stated previously these are things we will find out about in increments that will cost us all more money because all this has to be paid for some how.  And by the time we figure out about all the “incremental changes” that cost us more money it will be too late to change.  This is why I say to pay attention to the people you vote for because they usually tell you what they are going to do!!

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