7.18.2007

ahhh... what do i do?

so this is insurance month for me. which makes me a little nervous. ok, it makes me downright panicked. 6 years ago, when i had to initially figure out what to do for my medical needs, i ended up in tears, throwing papers across the room, making all around wonder if i was stable. (this makes me not stable, i know it.) now - people, put on your thinking caps, cause i need valid advice.

do you do flex spending? would you recommend flex spending for me? the benefits that i see is that it'd come out pre-tax dollars. and my friend robyn said that she'd help me do paperwork & figure things out. but i'm still a little scared. but here's what i'm thinking - with a pending root canal and then a crown, it might just be beneficial enough for me this year. worth the sweat and pain and tears and agony, to save myself a little mula. please, do share.

12 comments:

Mel said...

i say do your flex spending with the root canal and all that'd probably come in handy. i don't have the flex, because like you all that insurance crap makes me nuts!!

Kristin said...

I never did it because I was afraid that I would lose my money at the end because I would never spend it. With your root canal and crown, I think you'll totally use it!

Shelley said...

Maybe for you, this year a flex spending "account" would be a good idea, because you know you'll be withdrawing from it for the root canal. Usually though, I'd say you're pretty healthy, and there's no reason to set money aside for health issues you may not have. But for this year, it sounds like you'll need it.

Jori said...

My advice is the same as everyone elses. I wouldn't do flex spending unless I had something coming up. Where you have some big dental procedures looming, I would go for it.

Heather said...

We do flex spending and turn in contact/glasses, Dr. co/pays and any prescriptions to get "reimbursed". I am in a different ball park than you though, sooo, I'd figure what you estimate the dental stuff to cost and then put aside that amount. Are there set limits of how much to put aside or can you pick how much you set aside?

Chris * Natalie * Maya * Mason said...

wish i could help. this stuff is all a huge mystery to me, and i'm so grateful that chris takes care of it for me.

Jan said...

Amen to what everyone else said -- sounds to me (without knowing numbers -- but knowing what crowns and root canals cost only too well) that this might be the flex spending year for you. Those kinds of procedures are ridiculously expensive and would likely be well worth the extra paperwork, especially with a friend to help get through that.

Kristi said...

Hayley, I wish I could help, too, but since my husband is self-employed it's nothing but giant tax deductibles here. Sorry I am of no help, but good luck! You can do it! :)

Mom said...

We use the flex free spending on prescriptions because we know the amount of the expense and can figure out for the year in advance. If you know you need a root canal and crown it would be a good thing for them to take it out of your check. It is a use it or lose it thing so find out what the expected co-pay is on your dental needs. It saves you the tax on the money and if you are in the lower tax bracket it might not be that much of a savings. 25% on $1,000 is $250. I feel like Suzie Orman. Another plus is that they pay even before they collect from you through payroll deduction.

Emily said...

Hayley,

My dentist quoted me $450 for a crown and $350 for a root canal. But that is with out insurance. So I would find out co-pay costs and then decide form there. You'd hate to lose it!

Heather said...

Suzie, I mean Mom, you are cracking me up. You know your stuff woman. Sound advice from the Muz.

Holly O'Keefe said...

Hayley, listen to Ned. She knows who Suze Orman is, that is a big bonus.