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Updates
An Important Announcement Concerning Flexible Spending Account Reimbursements of Over The Counter (OTC) Drugs and Medications: Changes in Covered Items Effective 1/1/2011.
Notwithstanding anything to the contrary contained herein, beginning 1/1/2011, health care Flexible Spending Accounts will be prohibited from reimbursing expenses for over the counter (OTC) drugs and medications unless the purchase was obtained by prescription. The documentation required for reimbursement of a prescribed OTC drug/medicine will be subject to IRS guidelines and applicable law.
Note: This new rule will apply only to medicines and drugs. It does not apply to non-drug medical expenses (i.e. band aids, crutches, contact lens solution, etc.) A prescription would be required for items such as aspirin, cough syrup, etc.