{ "media_type": "text", "post_content": "New grad here! Do you recommend enrolling in FSA? I like the idea but worried that there may be complications involved with the process of using FSA for reimbursement. What are your experiences with it, and anything troublesome that I should be aware of? Could I change the amount any time like the commuter program or is it more based upon new hire/qualifying event?", "post_id": "60fed9d4707d3f00243a56f4", "reply_count": 3, "vote_count": 1, "bowl_id": "5aa3ebca6a56fa0013ec82de", "bowl_name": "New York City" }

New grad here! Do you recommend enrolling in FSA? I like the idea but worried that there may be complications involved with the process of using FSA for reimbursement. What are your experiences with it, and anything troublesome that I should be aware of? Could I change the amount any time like the commuter program or is it more based upon new hire/qualifying event?

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You can’t change the amount any time - there are set periods when you can change it. I like FSA and getting reimbursed is easy. I covered Invisalign and lasik the last two years with FSA. Only thing is you need to use it or you lose it. Don’t max it out if you’re not planning on anything big. This year I only put my FSA amount equal to my health insurance deductible since I don’t plan on getting any major medical/dental procedures or supplies not covered by insurance

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I’m not quite sure if it’s company specific - definitely check with your HR. Our firm deadline is end of calendar year and you can rollover a certain amount to the next year (you just have to use that within that year or it’s lost or something like that). You can also Google FSA eligible expense and you’ll see a huge list of things that are covered. There are things I never expected like wheelchairs, condoms, sunscreen, etc.

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