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Save For Co-Pays

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We have an account where we put an initial deposit of $200, and now put $20 from every paycheck. This account is specifically for co-pays or deductibles. That way if we have an unexpected doctor's visit, prescription, or have to make an insurance claim, it doesn't affect our weekly budget.

- Submitted by XCSARAH 7/22/2010 in Saving Money | 1 Comments
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Member Comments

WALKINGGRANDMA 7/22/2010 7:42:00 PM

    You might want to think about a HSA which is a Health Savings Account that can give you some tax advantages. You keep the money in your account and it should earn interest but it is dedicated and doesn't "expire" at the end of the year like a Flex Spending Account.

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