Health FSA, HRA, HSA Provisions

Heath Care Reform imposes several new restrictions on Health Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and Health Reimbursement Arrangements (HRAs), including the following.

Click on any of the following to learn more.

Over-the-Counter Drugs

Effective January 1, 2011, reimbursements for over-the-counter (OTC) drugs and medicines are permitted only with a medical practitioner’s prescription. Restrictions also apply to the use of debit cards to purchase OTC drugs and medicines.

HSA Penalty Tax

Effective January 1, 2011, withdrawals from HSAs not used for qualified medical expenses will be subject to a 20% excise tax, which is an increase from 10% under prior law.

 

Health FSA Contribution Limits

Effective January 1, 2013, Health FSA employee contributions will be capped at $2,500 per year, indexed to CPI.

American Fidelity Assurance Company does not provide tax or legal advice.

ESB-840(0713)

Next Steps

Sign up for Updates

VIP Notification Service

We provide a VIP Notification Service to keep you informed as new Health Care Reform rules are issued.
Click here to sign up.

You’re Not Alone

We understand that these new requirements come at a time of strained budgets. 
Learn how our services and products can help.

Employer Toolbox

Health Care Reform checklists, worksheets, sample employee communications, and other solutions!
Learn More

Quick Access

  • Your Account

    View your policies, download forms and check the status of your claims - all in one spot!

  • Claim & Flex Forms

    1Select the forms you need:

    Flex Benefits
    Accident Benefits
    Cancer Benefits
    Critical Illness
    Disability Benefits
    Hospital Indemnity
    Life Benefits
    Medical (GAP)
    HRA Benefits

    2Select your state & industry:

  • Check Claim Status
  • FAQs

    Please select a category or type your question in the box below.

    Keyword Search
    All FAQs