Flexible Spending and Health Savings Accounts

Posted on March 5, 2011

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Beginning in 2011 over-the counter medicines are not allowed as deductions HSA & FSA accounts unless prescribed by a doctor.  This change will be a nightmare for reporting because the plans won’t have any way to know if the medicines were prescribed by a doctor when you pay for the over the counter medicines.  Make sure you keep good records on this one.

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