News & Updates
CFO Daily News
July 14, 2016
One of the biggest complaints employees have about their FSAs is the fact they need a doctor’s prescription to be reimbursed for over-the-counter (OTC) medications. But that controversial rule may soon be a thing of the past.
That’s because H.R. 1270 Restoring Access to Medication and Improving Health Savings Act of 2016, a bill introduced by Rep. Lynn Jenkins (R-KS), was just approved by the House of Representatives by a 243-164 vote. The bill would allow employees to again use their FSAs, HSAs and HRAs to pay for OTC medications without a doctor’s prescription.
Now the bill is headed for its next test: A Senate vote.
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