That's probably a 'medical savings account', which lets you put $2,000 a year pre tax into an account for medical expenses - it's not a scam, it's a nice benefit employment wise for your company to offer it and tax wise for the ability to use pre tax income for medical costs. Most people pay attention and make sure they use it for eye exams, glasses, contacts, dental work, etc. because like you said, whatever you don't use you lose at the end of the year.
That's common in many insurances. They'll "cover" two checkups... But those two checkups are part of the annual premium's baseline cost PLUS the actuarial table estimates of actual insurance use, so if you don't use them, you're just down cash because it's basically pre-paying for the checkup.
I think my works health insurance has some scam put 2k pretax in this account, but if you don't use it you lose it at the end of the year.
That's probably a 'medical savings account', which lets you put $2,000 a year pre tax into an account for medical expenses - it's not a scam, it's a nice benefit employment wise for your company to offer it and tax wise for the ability to use pre tax income for medical costs. Most people pay attention and make sure they use it for eye exams, glasses, contacts, dental work, etc. because like you said, whatever you don't use you lose at the end of the year.
That's common in many insurances. They'll "cover" two checkups... But those two checkups are part of the annual premium's baseline cost PLUS the actuarial table estimates of actual insurance use, so if you don't use them, you're just down cash because it's basically pre-paying for the checkup.