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Congressman, groups fight to delay FSA provision

Compliance headaches and a fast-approaching deadline have benefit administrators scrambling to prepare.

By Jenny Ivy | Updated on July 15, 2010

Facing a Jan. 1 effective date, industry groups and Democratic Congressman Earl Pomeroy are urging the U.S. Treasury to immediately clarify a new health reform law that will change the way over-the-counter drugs can be purchased with tax-advantaged spending accounts like FSAs.

The impending law will require consumers to obtain a physician’s prescription before they can buy OTC medication using their flexible spending account, health spending account, health reimbursement account or Archer Medical Savings Account (the purchase of insulin is excluded).

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