Since the ACA was signed into law, a number of changes have been made to all types of tax-advantaged accounts, including FSAs, HRAs, and HSAs. In this course, we examine those changes and take a look at some of the others that may be on the horizon.
This set of FAQs addresses updated DOL model notices, limitations on cost-sharing, coverage of preventive services, health FSA carryover and excepted benefits, and the Summary of Benefits and Coverage requirements of PHS Act §2715. (Note: Some of the guidance in FAQs Parts VIII, IX, and X has been superseded by guidance contained in FAQs Part XIV and some of the guidance in FAQs Parts VIII, IX, X, and XIV has been superseded by guidance contained in FAQs Part XIX.)
As of January 1, 2011, over-the-counter drugs purchased without a prescription are no longer an eligible expense under an FSA, HRA, or HSA.