Report: IRS backs off debit card ban for OTC drugs

posted by
December 27, 2010
Fox News    
Posted in News, PND News

"The IRS last week backed off an earlier rule for next year that prohibits flexible spending and health reimbursement account holders from using debit cards to pay for over-the-counter drugs that now need a prescription. To be sure, patients who use FSA and HRAs still need to get a prescription to purchase everything from Tylenol to cold medicine with those accounts. But the IRS said in an announcement issued Thursday that that debit cards can be used if the prescription is in hand. The IRS did not provide an explanation for the reversal." (12/27/10)  

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