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New Rules Coming for Payments Out of Health Savings Accounts
Published October 15, 2010 | FoxNews.com

Under the new health care law, consumers using workplace pre-tax health savings accounts will soon need a doctor's note to pay for Tylenol and an estimated 15,000 other over-the-counter drugs.

Starting Jan. 1, employees who use flexible spending accounts (FSAs), health saving accounts (HSAs), or health reimbursement arrangements (HRAs) to pay for common medications such as pain relievers, cold medicines, antacids and allergy medications will need prescriptions. The new rules don't apply to insulin.

The new rules will also prohibit the use of FSA or HRA debit cards provided by administrative plans for over-the-counter purchases, because the IRS says there's no way to prove the drugs were prescribed.

The IRS says any money removed from HSA accounts to pay for medical expenses bought without a prescription will be included as taxable income and subject to an additional tax of 20 percent......................>>>>...................................>>>>......................http://www.foxnews.com/politic.....sas/?test=latestnews

see what happens when we want the government to set things up for us.........dumbass podium puck........

First......This is clearly a 'tax power grab'!!

Second.....It was an incentive to 'save' and the reward was 'no tax'!!!

NOT NOW!!

The working class squeezed yet again!

and more importantly it was a lie from the get-go.......we are dragged along and made to sniff around for crumbs of tax deductions/loopholes/deferments etc etc....like we're F'EN dogs.......