G11 - FSA-HRA and You

G11 - FSA-HRA and You - FSA/HRA Cards and You: OTC...

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Click to edit Master subtitle style 9/14/11 FSA/HRA Cards and You: OTC Products? Mayra Guzman, Garland Lee, Bill Madden, Diana Mirzoian, David Yee
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9/14/11 What is an FSA? FSA: flexible spending account A special account that lets you set aside money for eligible expenses out of your paycheck before taxes You can use the account throughout the year to get reimbursed
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9/14/11 What is an HRA? HRA: Health Reimbursement Account An HRA must be solely funded by an employer; employees cannot contribute to the HRA Employees are reimbursed tax-free for qualified medical expenses up to a
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What is the issue? The Patient Protection and Affordable Care Act, established a new uniform standard for FSA/HRA that goes into effect Jan 1st, 2011 Under the new standard, the cost of over-the- counter medications cannot be reimbursed from the account unless a prescription is obtained. Primary Issue: Access
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This note was uploaded on 09/14/2011 for the course PHARM 1 taught by Professor Staff during the Spring '11 term at UCSD.

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G11 - FSA-HRA and You - FSA/HRA Cards and You: OTC...

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