BNY Mellon Benefits Guide
Things to Consider
Here are some things to consider as you make your Health Care FSA decision.
- How much do you think you (and your family) will spend out of pocket on medical and dental plan expenses?
- How much of your own money will you (and your family) be spending in 2018 on non-covered expenses like prescription sunglasses?
- Do you (and your family) regularly take medication for which you can predict costs for the year?
- How much have you (and your family) spent from your own pocket on health care needs in the past?
Here are some things to consider as you make your Dependent Care FSA decision.
- How much do you spend on childcare or eldercare during the year?
- Are there changes ahead that are likely to require daycare for a dependent?
- Have you estimated your taxes using both the Dependent Care Tax Credit and the Dependent Care FSA to see which provides a better tax break for you?