Topic: Insurance
"Starting Jan. 1, employees will no longer be able to use their health care spending accounts to pay for over-the-counter drugs and medicines without a doctor's prescription, although they will be able to use them for many other drugstore items, such as bandages and contact lens solutions, without a prescription.Also, the law will let many parents use their accounts to pay for medical expenses incurred on behalf of a child through the end of the year in which the child turns 26," according to a great story posted on the website for the San Francisco Chronicle. Therefore, most of the products and services of the eyecare industry will be covered under the new regulations for FSA accounts.
