FSA • SECTION 125
HRA • SECTION 105
Health Reimbursement Arrangements
HSA • SECTION 223
Health Savings Accounts
Reimbursable / Unreimbursable Expenses
As of June 15, 2013 our mobile app is now available for download for both Android and Apple products!
Access to benefit details, claims, reimbursements and card transactions has never been easier! Participants can save time and maximize their FSA, HRA, HSA, TRA, and COBRA benefits using the Flex Administrators, Inc.. Mobile App. The app will allow participants to view balances, claims and card transactions as well as submit a claim through the SnapClaim feature! No more faxing receipts! Participants can now file a claim directly from his/her mobile device with a photo of the receipt.
Participants can check account balances 24/7. Secure—no information is stored on the mobile device.
This video is an overview of myRSC and quickly touches on all the functionality it offers. It can be used to show employers the benefits of using myRSC, and can be used for marketing, sales and educational purposes.
The IRS has released guidance pertaining to the use of health debit cards for the purchase of OTC medicines after January 1, 2011. As you know, as of January 1, 2011, all OTC medications will require a prescription in order to be eligible for reimbursement from FSA, HRA, HSA or Archer MSA accounts. This has not changed. However, in the prior guidance, it was stated that health debit cards could not be used to purchase OTC items, with or without a prescription.
IRS notice 2011-5 allows for the use of debit cards for the purchase of qualified OTC items accompanied by a prescription, up to and beyond January 15th, provided certain circumstances are met.
While we are not certain as to how each retailer with handle this reimbursement, we would suggest that your employees ask their pharmacist as to how they can continue using their health debit card for purchase of OTC items.
We will be adding this additional information to the e-mails that are automatically sent to each participant once a card swipe occurs; however, you may wish to also communicate this information to your participants via a payroll stuffer, posting, etc...
If you have any additional questions, please feel free to contact us.
Note: Some retailers may have already removed OTC items from their list of eligible items in advance of the January 15 deadline. We have received reports indicating this may have happened already at Walmart and RiteAid.