The recently passed Health Care Reform is proposed to have an impact on FSA plans. The most pressing matter is the eligibility of Over-the-Counter (“OTC”) products under the FSA plan as of January 1, 2011. Read More...
Effective January 1, 2012, the Internal Revenue Service has issued new mileage rates which affect reimbursement for eligible medical expenses. The revised rate for reimbursable medical expenses will be $0.23. Read More...
Effective July 1, 2009, drug store and pharmacy merchants must support an IIAS solution if they wish to continue processing Benefits Card transactions.
The IRS initially issued regulations in 2007 limiting the use of Benefits Cards to health-care related merchants and merchants who have an Inventory Information Approval System (IIAS) in place. Read More...