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.
Forbes - January 2, 2013
10/15/12 - Human Events
10/9/12 - Business Insurance
Tell your Congressional Representative to support the Medical Flexible Spending Account Improvement Act (S. 1404 and H.R. 1004), a bill that would remove the "use it or lose it" provision requiring flexible spending account (FSA) participants to spend their entire contribution before their plan's deadline or forfeit the remaining funds to their employer.
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.