This is an immediate income increase of $360. The benefit increases as your income or medical expenses go higher. There is one catch to these plans: You must use all the money you’ve set aside by year-end. It’s the so-called “use it or lose it” rule. But since you can buy many OTC medications, you can easily use up any money that may be expiring at year-end by stocking up on things like aspirin, Tylenol, and cold medication. The FSA plans are easy to use. Most plans provide a debit card (just like your bank ATM card) for expenditures. That makes your record-keeping requirements virtually nil. And by federal law, the card also allows you to get an advance on amounts earmarked for the account in the coming year. Say in January, you agreed to put $2,000 into
the account over the coming year, by law your plan sponsor puts up $2,000 immediately. This allows you to take that money out and use it immediately, even though it hasn’t been deducted from your pay yet. And another insider health secret: If you quit or are fired before year-end, you don’t have to pay it back. It’s the law. With about 10,000 Baby Boomers turning 65 every day, that’s a lot of folks gearing up for retirement. According to Fidelity Investments, the average 65-year-old couple today can face an average of $275,000 in out-of-pocket health care costs, only about half of which might be covered. So, find ways to save wherever and whenever you can. These tips are a great way to get started. They can save you hundreds on some of the most expensive items like prescriptions.
Doc's Wake-Up Call Today, Doc is spending millions to publish an important message. Think of it as a final wake-up call… And a final chance to see something really important, which you haven’t yet recognized.
Things are about to get really strange in America – yet most will have no idea what is happening.
Your money, your retirement, your future… everything is at stake.
The incredible thing is, most Americans today have no idea how this looming crisis will change our lives. That’s primarily because, while the signs are piling up all around us, we haven’t seen anything like this in roughly 50 years. Most folks have watched what’s taken place in our country and around the globe over the past two years… And most are still going about life, business, investing, and retirement planning… as if nothing unusual has happened to our financial system. Doc says if you care about your family’s financial future, you must listen to his dire message today .
American Consequences
69
Made with FlippingBook - professional solution for displaying marketing and sales documents online