Tyrone
Utah
My newlywed wife and I had a baby 2 months ago and the cost of intensive care for a week was extremely high. Even though we'd thought we'd planned for expenses by having co-insurance, the insurance companies have been very difficult and resistant to pay anything until the other insurance covered their portion.
Employers Shifting Health-Care Costs to Workers, Survey Shows
9/2/10 - Washington Post
FSAs: One of the Best Kept Financial Secrets
8/18/10 - Huffington Post
Economy Led to Cuts in Use of Health Care, Study Says
8/16/10 - New York Times
Move Over Mom, Here Comes ObamaCare
8/16/10 - The Daily Caller
Impact of Health Care Reform on FSAs
- Over-the-Counter Medicines Still Eligible
However, starting January 1, 2011, a doctor’s note will be needed for over-the-counter medicines to be reimbursed through an FSA, HRA or HSA.
- Contribution Limit
Beginning in 2013, annual Health FSA contributions will be capped at $2,500. This contribution limit will increase each year, starting in 2014, as it is adjusted for inflation.
Click here to support efforts underway to encourage elimination of the pending OTC restriction.
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.
Beginning in 2011, FSA participants will no longer be able to use their FSAs to purchase over-the-counter-medicines such as allergy medication and cough syrup.
FACT:
FSA participants can continue to use their FSAs to purchase over-the-counter medicines. However, beginning on January 1, 2011, a doctor’s prescription will be required for over-the-counter medicines to be reimbursed through an FSA, HRA or HSA.
