Medical Savings Account


W

WAPHYLZ

My husband had some money withheld from his salary for his
"Medical Savings Account".in 2003 This was money that he
designated be withheld each payday and could be used for
eligible medical expenses, and was "use it in 2003 or lose
it". He only had $100 withheld, and then left the company.
However, during the time he was employed, we had $800 in
unreimbursed medical expenses which were submitted to the
insurance company and paid. Is there any reporting that we
have to do about the $700 that was essentially "given" to us
for his expenses? Should we be receiving some form from the
insurance company that shows extra income to us of $700?
 
Ad

Advertisements

A

Arthur L. Rubin

WAPHYLZ said:
My husband had some money withheld from his salary for his
"Medical Savings Account".in 2003 This was money that he
designated be withheld each payday and could be used for
eligible medical expenses, and was "use it in 2003 or lose
it". He only had $100 withheld, and then left the company.
However, during the time he was employed, we had $800 in
unreimbursed medical expenses which were submitted to the
insurance company and paid. Is there any reporting that we
have to do about the $700 that was essentially "given" to us
for his expenses? Should we be receiving some form from the
insurance company that shows extra income to us of $700?
No, you're fine. That's the other side of the "use it or
lose it", is that you can use it before it's there.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top