October 15th, 2010

Menlo WWL

Good News on FSA

I've complained previously about how Healthcare Reform led to over-the-counter (OTC) stuff being excluded from eligibility in Flexible Spending Accounts (FSA). I've just done my own open benefits enrollment for next year, and learned that things aren't quite as dire as I thought. The OTC restriction does apply to medications and biologicals, so for instance I can no longer charge the cost of cough drops and cold remedies against the FSA; however, things like bandages, braces, and similar non-biological items continue to be eligible. This means, for instance, that the Breath-Right strips I use in conjunction with my CPAP mask to reduce my sleep apnea and the wrist brace Lisa wears for her carpal tunnel symptoms should continue to be eligible. That's good, and it means I could increase my deduction pledge a bit because I now know that if there's a little bit left over next December, I can "soak up" the surplus by buying a case of Breath-Rights or something like that.

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I don't mind having some responsibility for my healthcare choices, but the current FSA system reduces my flexibility to do so.