Yesterday, bipartisan legislation was introduced that would repeal a portion of the health care reform law that prohibits people from using their health FSAs and HSAs to purchase OTC medications.
Under current law, plan participants may no longer use funds from these accounts to purchase OTC medications, unless they have a prescription for the medication, as of Jan. 1, 2011. The legislation introduced Thursday was sponsored by Sens. Ben Nelson (D-Neb.) and Pat Roberts (R-Kansas) in the Senate, and Reps. Lynn Jenkins (R-Kansas) and Shelley Berkley (D-Nev.) in the House.
A bill number has not been assigned.
