Savings

Organizing Medical Records To Save Money

Organizing Medical Records To Save Money

Savings
It’s a good idea to organize your medical records and take care of end-of-year finances in November or December. At that time you can sift through the mountains of receipts, bills and paperwork to throw out what you don’t need and organize the rest. Here are some areas to examine. Flexible-Spending Account If you have a flexible-spending account (FSA), the end of the year is the perfect time to check on remaining funds. With this type of account, you set aside a certain amount of pre-taxed money each month for eligible expenses. The downfall is that you will lose any unused money that remains in the account past the end of the year. It’s a “use it or lose it” medical plan. Find ways to use the remaining balance before the end of the year. Most plans allow funds to be used for medica