News Headlines Article

Big changes in flexible spending accounts
San Francisco Chronicle

Employees need to be extra careful when they decide how much to contribute to their flexible spending accounts for next year.

The new health care reform law brings two major changes to these plans.

Starting Jan. 1, employees will no longer be able to use their health care spending accounts to pay for over-the-counter drugs and medicines without a doctor’s prescription, although they will be able to use them for many other drugstore items, such as bandages and contact lens solutions, without a prescription.