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Big Changes Coming To Flex Spending Accounts

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Prescription Drugs

(CBS)

CBS SF Bay (con't)

Affordable Care Act Updates: CBSSanFrancisco.com/ACA

Health News & Information: CBSSanFrancisco.com/Health

SAN FRANCISCO (CBS) – Before you log on to make your health care choices this year, beware of some big changes to flex spending accounts.  They are a part of the new health care reform law.

Employees can put part of their pay into tax free accounts – called Flex Spending Accounts or FSA’s – which are then used to reimburse out of pocket medical expenses.

Starting January first, over-the-counter drugs won’t be reimbursed from your flex spending unless you have a doctor’s prescription.

Things like bandages, glasses and contact lens solution do apply.  For a full list of  eligible items, see www.wageworks.com/otcfacts.

(© 2010 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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