Health Care Flex Plans
Updated: January 7, 2009
With the cost of health care skyrocketing, employers pass on a greater percentage of these costs to the employees. This increases their out-of-pocket costs and reduces their income.
Could a flexible spending program take the sting out of these expenses for you?
Tips shared by Curt Anderson of First Busey Securities (Member NASD/SIPC) on "The Morning Show."
FLEX PLAN ADVANTAGES
-Tax savings
-Funds immediately available
-Decreased payroll costs to employer
FLEX PLAN DISADVANTAGES
-Use it or lose it
-Double out of pocket
-Fixed election
25 NOVEMBER 2003
