Benefit Extras, Inc. - Licensed Third Party Administrator

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Upcoming Things You Need To Know

[Official Guidance]

Text of IRS Notice 2010-59: Drugs (Except Insulin) Purchased After 2010 Cannot Be Reimbursed from FSAs, HRAs, HSAs, MSAs Unless Prescribed

Excerpt: "The Affordable Care Act, enacted in March, established a new uniform standard that, effective Jan. 1, 2011, applies to FSAs and health reimbursement arrangements (HRAs). Under the new standard, the cost of an over-the-counter medicine or drug cannot be reimbursed from the account unless a prescription is obtained. The change does not affect insulin, even if purchased without a prescription, or other health care expenses such as medical devices, eye glasses, contact lenses, co-pays and deductibles."
(Internal Revenue Service)

"New Over-The-Counter Rule Under Health Care Reform Handout"



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Benefit Extras | P.O. Box 1815 | Burnsville, MN 55337
(952) 435 - 6858 | (866) 435 - 6858 (Toll Free) | (952) 435 - 8435 (Fax)

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