I have a lot of out-of pocket medical expenses (RX, deductibles, coinsurances) that ususally cost me about $4,000 - $5,000 a year. I'm planing to file BK next April/May and since I'm over the median income, I'm looking to take all legitimate exemptions that I can.
Can anyone coment on how the trustees respond to putting the maximum amount in a health savings account (about $6,000)? It's on the means test so I guess they won't question it. Do they also accept contributions to a medical flexible spending account?
I also put $5,000 a year in a dependent daycare flexible spending account to use pre-tax money to cover part of my son's daycare bill. While daycare can be listed on the means test, dependent daycare flexible spending accounts arn't listed on the means test eventhough Payroll deducts the contributions from each paycheck for the year. Does this mean, I can't list the payroll deductions on the means test?
Also, does any one know whether the trustees will be looking for the reimbursements from these accounts and possibly adding it when calculating income? Is it better to wait until after the Ch 13 payment plan is confirmed before getting reimbursed from these accounts to avoid being considered as having more income?
Can anyone coment on how the trustees respond to putting the maximum amount in a health savings account (about $6,000)? It's on the means test so I guess they won't question it. Do they also accept contributions to a medical flexible spending account?
I also put $5,000 a year in a dependent daycare flexible spending account to use pre-tax money to cover part of my son's daycare bill. While daycare can be listed on the means test, dependent daycare flexible spending accounts arn't listed on the means test eventhough Payroll deducts the contributions from each paycheck for the year. Does this mean, I can't list the payroll deductions on the means test?
Also, does any one know whether the trustees will be looking for the reimbursements from these accounts and possibly adding it when calculating income? Is it better to wait until after the Ch 13 payment plan is confirmed before getting reimbursed from these accounts to avoid being considered as having more income?
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