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Mom of 3 furiously trying to use up health care funds
Pennsylvania mom Jo-Lynne Shane is working hard to find ways to spend $500 in the next three weeks — if she doesn’t, that money will disappear at the stroke of midnight Dec. 31.
In a story on CNN.com yesterday (Thursday, Dec. 11), CNN medical correspondent Elizabeth Cohen writes that Shane, who is trying to use up her health care’s Flexible Spending Account.
By the rules of the IRS, any money Shane doesn’t spend by the end of this year vanishes. Shane, a mother of three who lives in East Vincent, Penn., has that much money left in her family’s FSA.
“If you don’t use it, you lose it,” said Shane, who gives cost-cutting tips to other moms on her blog, Musings of a Housewife.
So Cohen offers tips for Shane and others from health insurance experts about how to spend that money wisely. Her tips include utilizing vision benefits, filing prescriptions and having elective surgeries.
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