Title

Optimizing Medical Flexible Spending Accounts

Document Type

Thesis

Degree Name

Master of Science (MS)

Department

Mathematics

Date of Award

Summer 2014

Abstract

In this paper we discuss the characteristics of medical flexible spending accounts (FSAs), including their tax benefits and forfeiture risk. We examine previous work that discusses the problem of optimizing FSA contributions to minimize the risk and maximize the benefits, all from the perspective of the utility of money. Finally, we conduct new work in the optimization of FSAs. In particular, we examine the role of risk aversion in FSA optimization.

Advisor

Thomas R. Boucher

Subject Categories

Mathematics | Physical Sciences and Mathematics

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