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  • Midmorning Coffee: OTC meds no longer reimbursable in 2011

    If you have a flexible spending account (also known as a “cafeteria plan”), you should know that over the counter medicines (such as allergy and antacid meds) will not be reimbursable without a prescription beginning January 1, 2011 (except for insulin). Equipment and supplies, like bandages and hearing aid batteries will remain eligible.

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    Comments

    1. Thanks for the link to the free potty training kit.

    2. Gina @ MoneywiseMoms says:

      I'm still looking for official info about how OTCs will be approved next year. Supposedly you'll be able to expense them as long as they're approved by a doctor, but how will that work for things like bandaids, sunscreen, etc? I can't imagine any doctor's office has the time/energy to handle this new task.

    3. Chief Family Officer says:

      @Gina – Have you asked your plan's administrator? The info I got from mine says that things like bandages don't require a prescription. Sunscreen is reimbursable???

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