Flex plan helps me afford my precription drugs
I have a high deductible health plan and take several prescriptions for asthma and allergies all year long. My flex plan helps me budget for my expenses and allows me a tax deduction to help offset the cost of my ongoing medical expenses. Without my flex plan I would not get a tax break on my out of pocket medical expenses because the itemized deduction threshold is 10% of my income. I am worried that the Cadillac tax will cause my employer to eliminate this valuable program that helps me afford the care I need to manage my medical conditions. I urge Congress to carve out consumer directed accounts from the Cadillac tax calculation to ensure that working Americans like myself can continue to rely on these consumer accounts to help me afford my health care!