Topic: Insurance
Opticians have become accustomed to an end-of-the-year sales rush--not sparked by the holidays. Customers want to spend the remainder of the flex spending (FSA--flexibile spending accounts). With the passage of the recent health care bill, FSA's will change.
OTC meds and devices will require a doctor's note if the patient wants to apply his/her FSA. There are exceptions, such as contact lens supplies and reading glasses.
By 2013, the law limits FSA allocations to $2500 annually tax-free, down from the current $5000 tax-free. Apparently individuals in the past would use their left over flex spending to go on buying sprees. Click here for more.
