I just learned from my innruasce company today of a major hurdle using my 2011 FRA (Flexible Reimbursement aka FSA, Flexiable Spending Account). Almost 90% of over-the-counter medicines will require a PRESCRIPTION from your doctor if you want to be reimbursed through your FRA. Cough drops, diaper rash cream, allergy medicine the list goes on. Previously, I would simply use a designated “credit card” at the point of sale and if the item was eligable under the FRA plan it would be automatically deduced. Now, I would need to call my physician, get a prescription, pay up front and then send it in for reimbursement. WHAT A MESS! As if our medical structure doesn’t have enough paperwork to contend with. The pre-tax savings for me is NOT worth this hassle! I’m literally sick to my stomach the more government gets involved.
Maxine Waters video is a hoot.
Note the contrast. In the US we go around exposing doctor mistakes at every opportunity, while the British use taxpayer money to cover them up.
It will be interesting to see what happens to the hc stocks as regulations increase.
John, great tape of Maxine. They should play it at her trial.
I just learned from my innruasce company today of a major hurdle using my 2011 FRA (Flexible Reimbursement aka FSA, Flexiable Spending Account). Almost 90% of over-the-counter medicines will require a PRESCRIPTION from your doctor if you want to be reimbursed through your FRA. Cough drops, diaper rash cream, allergy medicine the list goes on. Previously, I would simply use a designated “credit card” at the point of sale and if the item was eligable under the FRA plan it would be automatically deduced. Now, I would need to call my physician, get a prescription, pay up front and then send it in for reimbursement. WHAT A MESS! As if our medical structure doesn’t have enough paperwork to contend with. The pre-tax savings for me is NOT worth this hassle! I’m literally sick to my stomach the more government gets involved.