Good to know: Changes to Health Care Flexible Spending accounts

by hedy on December 30, 2010

If you use a healthcare flexible spending account (FSA), you should be aware of changes that will go into effect on January 1, 2011.  As part of the new healthcare law, a dramatic change will be made to the items for which you can use your FSA. At present, you can use your FSA funds for over-the counter medications such as Prilosec , Dramamine Less Drowsy Formula or Excedrin.  As of January 1, 2011, you will only be able to use it for over-the-counter meds IF you have a doctor’s prescription.  I use the majority of my FSA funds on co-pays, deductibles, and contact solution, so this isn’t a huge change for me.  However, I do plan on getting prescriptions for Excedrin and Dramamine the next time I go to the doctor.

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