the Counter Medications now Reimbursable
through Medical Flexible Spending Accounts November 25, 2003
This is excellent news. Our medical doctor is willing
to write us an Rx.
You may want to alert your customers/potential customers
of this benefit now. Not sure how much you can write
off if you don't have an Rx... but it looks like the law is
moving in the right direction for people who choose to be
proactive with their health.
November 19, 2003 6:48 PM
Subject: FW: Over the Counter Medications now reimbursable
Flexible Spending Accounts
For those of you who have elected to set pretax
money aside in a medical flexible spending account each
month, you may now be reimbursed for over the counter (OTC)
medications. These medications must be purchased for "medical
care" such as antacids, allergy medicines, pain relievers
and cold medicines. Only items in the category of
medicines and drugs are included. Items such as toothpaste
and dietary supplements, including vitamins are not reimbursable.
The one exception to this is if your doctor writes a prescription
for a vitamin or supplement that is needed due to a medical
condition. You would send a copy of this prescription or
note in with your claim.
These type of claims may be made immediately for purchases
beginning September 3rd, 2003, the date of the IRS approval.
As part of the medical flexible spending account, this program
is administered by Denver Reserve.
Claims are made directly to Denver Reserve
in the usual manner.
For those of you not currently participating in a medical
reimbursement account, you will have the option to sign
up for a 2004 medical spending account with in the next
few weeks during benefit enrollment for 2004.