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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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December 29, 2010
Prescription Requirement for FSAs, HRAs, New Guidance

New guidance on the use of health flexible spending accounts (FSA) and health reimbursement arrangement (HRA) debit cards is now available from the IRS. Taxpayers can continue using FSA and HRA debit cards to purchase prescribed over-the-counter medications, according to IRS Notice 2011-5.

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Under the Affordable Care Act (ACA), the cost of over-the-counter medicines or drugs can be reimbursed from a health FSA or HRA if a prescription has been obtained. A prescription is not required to purchase insulin.

The prescription is requirement only applies to medicines and drugs. Other health care expenses, such as medical devices and eye glasses, are not subject to the requirement.

Beginning after January 15, 2011, the use of debit cards must comply with procedures reflecting those pharmacies that currently follow when selling prescribed medicines or drugs.

The prescription requirement applies to all purchases made on or after January 1, 2011.

For more information, there are answers frequently asked questions on



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Top 100 FLSA Overtime Q&As
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