FSAs and drugstore.com
This article was originally published in The Tan Sheet
Executive Summary
Online retailer's FSA Management program that automatically tracks purchases of products eligible for flexible spending account reimbursement will be functional by Jan. 1, drugstore.com announces Nov. 24. Consumers may choose to receive an Internal Revenue Service-approved receipt or to have a receipt electronically submitted directly to their FSA administrator for OTCs purchased on the website. Retailer also will flag eligible OTC products with a visual tag, making them easily identifiable by consumers who visit the site. The IRS ruling that nonprescription drugs may be covered by FSA was announced in September (1"The Tan Sheet" Sept. 8, 2003, p. 3)...
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