DAL Poolie Info
02-08-2016, 06:08 AM
#6431
Gets Weekends Off
Joined APC: Dec 2007
Position: Retired
Posts: 404
I am not a tax expert, but current IRS rules do not allow medical expenses to be deducted until they exceed 10% of your adjusted gross income. That is a lot of copays and prescriptions. If you use the FSA, the money comes straight off of your taxable income. At a 20% effective tax rate, you could save over $400 if you put $2250 into the FSA.
02-08-2016, 07:32 AM
#6433
On Reserve
Joined APC: May 2011
Posts: 21
I would think more invites for the March 7th class would go out today. If you get an invite please PM with the last four of your soc sec #. I'll try and create a mock bid list of where you stand in class so you can plan accordingly. I only have three PM's right now but need way more to make this work.
Thanks,
Thanks,
Hoping to get an invite for the March 7th class. July 9 CJO so it might be close. Fingers crossed will let you know if I hear something.
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02-08-2016, 08:09 AM
#6434
Otto
Joined APC: Jul 2013
Position: Turkish Pile Driver
Posts: 1,806
I am not a tax expert, but current IRS rules do not allow medical expenses to be deducted until they exceed 10% of your adjusted gross income. That is a lot of copays and prescriptions. If you use the FSA, the money comes straight off of your taxable income. At a 20% effective tax rate, you could save over $400 if you put $2250 into the FSA.
02-08-2016, 08:14 AM
#6435
Banned
Joined APC: Jan 2015
Posts: 988
With the 10% threshold, FSA is good if you can't utilize the HSA, but it has the use it or lose it aspect of it, while the HSA carries over. That said, even if you over predict your spending with a FSA, you could still make out ahead if you lose some of it due to the tax savings. However, that might be a good time to stock up on FSA approved medical supplies.
02-08-2016, 09:11 AM
#6436
Indoc! Finally....
Joined APC: Nov 2014
Position: New Hire
Posts: 152
All -
Many thanks for the opinions/experiences on Tricare and DAL healthcare options. Lots to read and consider. Retired AF and currently using TriCare Prime with an AF doctor. Thankfully blessed with good health, so far.
Many thanks for the opinions/experiences on Tricare and DAL healthcare options. Lots to read and consider. Retired AF and currently using TriCare Prime with an AF doctor. Thankfully blessed with good health, so far.
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