Consumer Action: The Best Way To Save On Health-Care Costs

Like it or not the cost of health care is still soaring as employers continue to shift more of the financial burden to their workers. Unfortunately, other than trying to eat right, exercising and hoping that genetics are on your side, there isn't much you can do to lower your medical bills. But you can lower the after-tax cost of your out-of-pocket expenditures if you participate in an employer-sponsored Flexible Spending Account (FSA), also referred to as a Medical Spending Account. This FSA calculator will tell you just how much you stand to save in taxes by participating.