Dec 24, 2010

Health Savings Account

If you have one, you might want to stock up before the end of the year. New regulations kick in that restrict purchases using flexible spending, health savings, and health reimbursement accounts. The law takes effect January 1 and will require a prescription for many common drugs normally bought over-the-counter (if you want to use tax-exempt money), but not for insulin, medical devices, diabetes testing kits and some other non medication items, such as eyeglasses. Another 'benefit' of the new health care law.