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Toddlers: 12 - 24 Months
brandonsfuturewife07
member
s/o should cloth diapers be eligible for FSA?
brandonsfuturewife07
member
and why aren't disposables?[Poll]
This discussion has been closed.
Re: s/o should cloth diapers be eligible for FSA?
correct me if i'm wrong here ladies, but can't you use your FSA to help cover daycare expenses?
where do i sign up to get my insurance to help cover living expenses?
i had no idea our insurances was all about covering our choices, but about things that were beyond our control.
And tampons? And pads? And qtips? I don't think so....
From what I remember, FSA and insurance are two completely different things.
eta: to be more clear, FSA is HER money. Insurance is obviously not.
I've got no problem with them being paid from an FSA. Especially when you have people scrambing at the end of the year to use up the money in their FSA.
Insurance? Whole different kettle of completely different fish.
I think they are seperate accounts. There is an account you can put money into per month for dependent care and there is an account to put money away for medical expenses.
I thought FSA was different than it being paid for by insurance?
FSA = OK
Insurance= not OK, IMO.
Emily 8.8.08
Madeline 1.2.11
William 8.5.12
Medical FSA is completely different from insurance. FSA is an account that she pays into and then gets to purchase approved items out of without the income she paid into that account being taxed. There's a limit to how much you can pay in and only approved items can be purchased with the tax free money. It's a "use it or lose it" account so if you don't spend it all in a single year, you lose the money.
Childcare FSA is also an account that you put pre-tax money into and can use (up to a limit) to pay for approved childcare expenses.
They are. Not sure if Brandon's understands this.
FSA is fine, her money.
I don't even have a problem with insurance covering it WITH limitations. I could see prefolds and covers being covered because they are SUPER cheap. But getting a ton of the expensive ones is a little crazy.
And I don't know if this is the case, but some babies do have allergies to the chemicals in disposables.
ETA: my FSA DOES cover things like tampons, medications, etc.
Actually you can use a flex spending account for daycare.
They have them for daycare and medical expenses. At least at my old work.
You reaped tax benefits from them. It was a use it or lose (at the end of the year) it so you didn't want to put too much money in them.
so how do you suddenly know this?
first it was insurance? then it was "fsa but i think it is insurance" now you are 100% it is fsa & know it is your own money.
I've known this. Like I said in your post below, I'm new to having a FSA and am use to saying "insurance". We put $2500 away for our FSA and I'm thankful that we did.
I am late to this debate, but I see no problem with cloth diapers being eligible under an FSA, as long as disposables were as well.
And yes, some babies have allergies and can only use cloth... oh well, aren't cloth cheaper anyway in the long run? So I don't see how that is an argument. IMO, it should be both or neither.
no. flex spending accounts are medical or daycare. they don't cover hygiene items or things like that at all.
Babygroves says hers does.
hers also reimburses her without limits... just like insurance!!!
I think she is incorrect. I was just looking over my FSA info and it lists things that can be eligible with a "letter of medical need" and diapers isn't one of them. Things like air purifiers and wigs are listed. Diapers... no.
In a previous life, I actually worked for a FSA Administrator and the covered expenses vary from plan to plan.
A Catholic organization could prohibit reimbursement for BC related expenses while another company would reimburse for those expenses. There is some guidance from the IRS on what is acceptable but it's VERY broad and more or less comes down to the plan documents that govern the plan.
Interesting. I always thought it was all based on IRS guidelines.
I could see them bending on the CDs not knowing a lot about them and just signing off on it.
All of my comments to her were about her saying the insurance company was going to pay it.
Not that she was paying it herself with her tax exempt savings account.
it seemed to me like OP herself didn't know what she was talking about, equated FSA with insurance or was backpedaling.
diapers are just one of the many expenses that comes with having a baby, and if your baby is allergic to disposables, then you should be expected to pony up for the CDs if that's what works. same with formula, same with food, same with hypoallergenic soap, etc.
kids have unexpected costs, and sometimes we have to pay a little extra. but the thing with CD is that will actually save her money (or so they say) in the long run.
I agree with this.
Like I said before most of us have to pony up with income taxed money. It does impact everyone because this is income that is exempt from tax. It is less money for someone on WIC to buy formula with. Less money for our roads to be repaired with. Less money for government health programs etc. etc. YKWIM
It is right above why people care. It is earned money being spent that is not taxed.