not sure how much i should contribute to flex spending account?
this is my first time doing it and i need a lot of dental work done. right now i need root canal and crown on front tooth and bottom front tooth. i need wisdom teeth taken out. i dont want to conribute so much that it affects my bills or other emergency items(car breaks down). right now i have rent, car note, insurance, student loans, cell, cable, water, electric, etc. right now i have metlife insurance- they cover $1500 per calendar year. im thinking about contributing anywhere from $1000 to $2000. what do you think??
Public Comments
- I would contribute $2000 because a root canal alone is $1000 (approx) Then you will need a post and a crown which can run around $2000. So if your ins pays $1500 your out of pocket will be $1500 and you want to leave some room just in case you need any more treatment. These are NJ fee's.
- It really depends on your dentist and where you live. You can get an estimate for particular procedures from your dentist before putting the money in your flex account. Just do not put in too much and not use it b/c you will lose it at the end of the year.
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