I just got this in an email from my Healthcare Flexible spending account provider. It appears most over the counter medicines will no longer be eligible for reimbursement. Remember, removing tax breaks is a tax increase!! (And contrary to what the democrats will tell you, this is a tax increase ALL classes!!)
Go VOTE and let your voice be heard!! We can't afford to be quiet any longer!
Dear FSA Participant,
This document contains important information about your Flexible Spending Account for 2011 and the treatment of over-the-counter drugs, medicines and biologicals
What is changing in 2011?
Due to the Patient Protection and Affordable Care Act and the Health Care Reconciliation Act of 2010, some over-the-counter drugs and medicines once considered eligible for reimbursement under a Health Flexible Spending Account will now require a prescription from a licensed physician.
Only items purchased on or after January 1, 2011 will be subject to the new regulations. Items purchased in 2010 but not yet submitted for 2010 reimbursement will not be affected by the new regulations.
It is necessary to submit your physician’s prescription with each request for reimbursement for affected over-the-counter items.
How does this affect my FSA Debit Card?
If you have an FSA Debit Card, it will no longer be accepted to pay for affected over-the-counter expenses that were previously considered to be eligible. Again, this change will take effect on 01/01/2011.
What over-the-counter items are still eligible for reimbursement or accepted by the FSA Debit Card?
Braces and supports
Contact lens supplies and solutions
Diagnostic tests and monitors
Elastic bandages and wraps
First Aid supplies
Insulin and diabetic supplies
Wheelchairs, walkers, canes and other durable medical equipment
What over-the-counter items are NO LONGER eligible for reimbursement without a physician prescription?
Acid controllers/digestive aids
Allergy and sinus medicines
Anti-itch and insect bite medicines
Anti parasitic treatments
Baby rash ointments and creams
Cold sore remedies
Cough, cold and flu medicines
Motion sickness medicines
Pain Relievers – aspirin, etc.
Sleep aids and sedatives
Now is the time to plan ahead. Do not wait to contact Taxsaver Plan with questions about these changes. Reply to this email or call 800-328-4337 for more information about over-the-counter changes in 2011.
Your Satisfaction Is Our Success