Patient Protection, Affordable Care, and Plan Changes

What You Need to Know About the New Year and Over-the-Counter Medications

January 1, 2011 is just around the corner, which means that many aspects of the Patient Protection and Affordable Care Act (PPACA) will take effect. Section 9003 of this legislation amended previous legislated definitions of which over-the-counter (OTC) healthcare expenses are eligible for tax-advantaged benefits plans like Flexible Spending Accounts (FSA), Health Reimbursement Accounts (HRA) and Health Savings Accounts (HSA).