How Our Flexible Spending Account Saved Our Butts This Month

by Marcy on July 11, 2008 · 0 comments

In April, I wrote a post about Flexible Spending Accounts (FSA’s)…what they are, why I like them etc… I mentioned in my post that we decided to up our amount to $1500 this year. We seemed to be using up $1000 with no problems, and now that we have a child, I felt we could easily use the $1500. Little did I know how soon it would be gone!

This month has been crazy when it comes to medical bills…What is even crazier is that we haven’t had any “emergencies” to cause these bills. They are a result of our routine visits to the eye doctor and dentist.

In the last 6 weeks, my husband and I have had to pay over $600 to the eye doctor for our exams and contacts. We have vision insurance, but for some reason it doesn’t seem to be doing much to help us. I am stumped as to what to do about this…I suppose we could go without contacts if we really had to, but I have been wearing them for years and can’t stand wearing my glasses for a long period of time… I need to think more on this one. Any suggestions? Does this price seem outrageous to you for 2 adults?

Last week when I went to the dentist, I found out that I need to have 4 fillings (2 new, 2 repaired). Ever since I had my daughter, I have been the cavity queen. Either I am not doing as good of a job caring for my teeth as I used to, or something else is going on. At any rate, that is going to cost me approx. $240 out of pocket.

I’m not writing this post to complain about how much these bills are (really!) because I know that we are blessed to have insurance to cover at least some of these expenses. And of course it could always be MUCH worse! I am writing this post because I am so grateful that we set up our FSA and have the money to cover these expenses. Had we not set this money aside, the $800+ would have had to come out of our emergency fund, and it would have taken us awhile to pay it back. Which would have made me grumpy. And lord knows I don’t need any help with that right now! :-)

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