
As of January 1, 2011, FSA participants must get a doctor’s prescription to use their account to purchase over-the-counter (OTC) drugs – a provision that places an unnecessary burden on consumers.
If you have faced challenges complying with this new rule, including difficulties obtaining an OTC prescription, we’d like to hear from you.
Click here to share your story at the new OTC Rule Complaint Center >
1/5/12 - The Hill
12/9/11 - New York Times
12/8/11 - The Hill
12/6/11 - Benefits Pro
As Congress seeks to make our health care system work better, they should fix the rule that forces flexible spending account (FSA) holders to empty their accounts before the end of each plan year or forfeit whatever remains.
A more sensible approach is to allow American families to cash-out unused funds, since it is not always so easy to predict your out-of-pocket health care expenses a year in advance.
The health care reform law will limit flexible spending account (FSA) contributions to $2,500 per year starting in 2013. Use this calculator to see how such a limit would affect you.
