One provision of PPACA that became effective January 1, 2011, is the new rule that health plans cannot reimburse the purchase of over-the-counter (OTC) drugs unless such drugs are prescribed (other than insulin). As we discussed in our earlier post, in September, the IRS issued Notice 2010-59, in which it …
IRS Guidance on Reimbursement of Over-the-Counter Drugs
September 9, 2010 Leave a Comment
Last Friday, the IRS issued Notice 2010-59, which provides guidance on Section 9003 of the Patient Protection and Affordable Care Act, which, effective January 1, 2011, limits the reimbursement of over-the-counter drugs under health FSAs, HRAs, HSAs, and Archer MSAs to only prescribed drugs or insulin. The Notice …