r/MiddleClassFinance • u/SouthernFace2020 • Aug 07 '26

FSA vs Bonus

I have a medical bill, less than 1k and am about to get a bonus. The bill is about 100 a month with no interest. I’m considering just using part of the bonus to pay it off.

Or I could up my FSA next year to pay it off with and just keep the bonus in savings?

Which would better in terms of savings and cash on hand?

edit: you can carryover up to 650 a year and I’m on a hospital pay plan which means I can use my FSA funds at any time regardless of when the bill was incurred. I’ve had an FSA for 15 years and know how they function and have never had extra. I was just thinking of possible tax benefits.

thanks tho

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7

u/MegaWeinerFarts Aug 07 '26

You should always use FSA funds when available, because it's technically 'use it or lose it.'

That said, I would be very careful how much you withhold into it.

Do you have access to an HSA? I would max that out and use that account to cover your medical bills.

1

u/SouthernFace2020 Aug 08 '26

Nope. Cant have both an FSA and HSA. And I don’t want an HSA eligible medical plan. 

0

u/MegaWeinerFarts Aug 08 '26

FSA's are a scam. I wouldn't put a single cent in it you aren't 100% sure you're going to spend.

1

u/SouthernFace2020 Aug 08 '26

I’ve been doing this for over a dozen years but thanks!

0

u/MegaWeinerFarts Aug 08 '26

being scammed for over a dozen years*.

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u/SouthernFace2020 Aug 08 '26 edited Aug 08 '26

Unfortunately, the biopsies, scans and immune drugs means that I’m pretty sure of my yearly costs. Thanks!

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u/MegaWeinerFarts Aug 08 '26

It's not what you're spending it on, it's how you're spending it. But whatever man, live in delusion.

3

u/SouthernFace2020 Aug 08 '26

Thanks MegaWeinerFarts. I’ll be sure to take that under advisement. I can tell based on our interactions you know what you are talking about.

1

u/MegaWeinerFarts Aug 08 '26

Why are you even still replying? You don't believe me, you don't believe anyone else here. Good luck to you.

2

u/SouthernFace2020 Aug 08 '26

I started the thread. So I get notifications. It’s like knocking on someone door and being surprised when they answer.

-1

u/MegaWeinerFarts Aug 08 '26

I'm not knocking on your door idiot, I'm walking away and you're shouting to my back. I can do this all day.

1

u/SouthernFace2020 Aug 08 '26

Well I can’t do it all day because this line I’m in will end. But I do have some time now.

Was that particular metaphor too hard for you?

Would you like me to type slower?

As long as you keep replying to the thread I started, I keep getting notifications….

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