One of the provisions of the Affordable Care Act passed earlier this year, was a requirement that employers begin to report the total cost of healthcare benefits provided to employees. The original law required 2011 W-2s, normally issued in early 2012, to include the healthcare information. Today the IRS issued
I hope some of the federal regulators take note of the predicament created for FSA and HRA plan participants who currently use a payment card to purchase over-the-counter (OTC) meds. Effective January 1, 2011, the health care reform legislation no longer allows routine purchase of OTC meds through an FSA or HRA plan.