New laws may affect Health Savings Account payments

New laws may affect Health Saving Account payments

Recent changes to health care laws will affect the medication you can purchase using your health savings account.  In the future, you will need a prescription to receive reimbursement for purchases of many over the counter drugs, like cold medicines and pain relievers.  If you need to purchase medications that normally would require a prescription, like insulin or blood pressure medication, it will not be affected by the new law. According to the IRS, there is no way to prove the over the counter drugs were prescribed.  So in the…

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