| 14.Will there be any changes to flexible spending accounts (FSA) or health savings accounts (HSA)? |
In 2011, individuals will no longer be allowed to use FSA HSA or health reimbursement account funds to purchase over-the-counter drugs not prescribed by a physician. In addition, the penalty for distributions from a HSA or Archer MSA that are not used for qualified medical expenses is doubled to 20 percent. By 2013, FSA contributions by employees will be capped at $2,500 per year. Pre-reform, there was no federal limits on FSAs.
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