Monthly Archives: October 2010

Look Out Charleston, Big Changes In 2011 for FSAs

Starting in 2011 FSAs (Flexible Spending Accounts) will no longer cover over the counter medications. This includes over the counter pain relievers, flu medications, and allergy medications with out a prescription. This new rule applies only to drugs and medications.

You can still purchase medical supplies such as crutches, band-aids, contact lens solutions, eyeglasses, and hearing aid batteries. It may be a good idea to stock up on over the counter medications before the new rules go into affect.

To read more about these changes, click over to this in depth article on all the changes coming to flexible spending accounts in 2011.