The measure repeals the cap on $2,500 cap on Flexible Spending Account (FSA) contributions, and repeals the provision that requires patients using Health Savings Accounts (HSAs) or FSAs to have a prescription from their doctor before they purchase over-the-counter medication.
According to a Hutchison news release, U.S. Representative Erik Paulsen (R- Minnesota) has introduced companion legislation in the House of Representatives.
On January 1, 2011, a provision in the health care law took effect prohibiting individuals from using funds from either HSAs or FSAs to purchase over-the-counter medication unless they have a prescription from their doctor. In addition, starting in 2013, the health reform law institutes a $2,500 federal cap for all FSA contributions.The bill is cosponsored by Senators Richard Burr (R-North Carolina), Tom Coburn (R-Oklahoma), Thad Cochran (R-Mississippi), Susan Collins (R-Maine), James Inhofe (R-Oklahoma), James Risch (R-Idaho), and Roger Wicker (R-Mississippi).
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