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New Rules Coming for Payments Out of Health Savings Accounts
Fox News ^
| Oct. 16, 2010
Posted on 10/28/2010 10:56:57 PM PDT by T.L.Sink
Under the new health care law, consumers using workplace pre-tax health savings accounts will soon need a doctor's note to pay for Tylenol and an estimated 15,000 other over-the-counter drugs. Starting Jan. 1, employees who use flexible spending accounts, health saving accounts, or health reimbursement arrangements to pay for common medications such as pain relievers, cold medicines, antacids and allergy medications will need prescriptions. The new rules will prohibit the use of such debit cards becsuse the IRS says there's no way to prove the drugs are prescribed. The IRS says any money removed from HSA accounts to pay for medical expenses without a prescription will be included as TAXABLE INCOME and subject to an additional tax of 20 percent!
(Excerpt) Read more at foxnews.com ...
TOPICS: Culture/Society
KEYWORDS: accounts; commiecare; health; healthcare; income; irs; obamacare; payments; rules; savings
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A prescription for Tylenol or a container of Bayer aspirin? Nancy Pelosi said we had to pass ObamaCare in order to learn what was in the measure. And everything we're learning makes it even worse than it appeared the day before. Welcome to the Twilight Zone!
1
posted on
10/28/2010 10:57:02 PM PDT
by
T.L.Sink
To: T.L.Sink
New Rules Coming for Payments Out of Health Savings AccountsYou must be Amish. (I am!)
2
posted on
10/28/2010 11:03:09 PM PDT
by
Libloather
(Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
To: Libloather
This country has gone mad. I'm beginning to think that divine intervention is about the only way to save it.
"But know this, that in the last days perilous times will come: for men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away, for his name is Obama."
3
posted on
10/28/2010 11:07:18 PM PDT
by
Viking2002
(2010 - NO PRISONERS! NO QUARTER!)
To: T.L.Sink
As the Carpenter’s use to sing...
We’ve only just begun....
To: T.L.Sink
I have no problem with having someone who claims a tax-exempt transaction being asked to prove it; otherwise you’ll have 20 year-olds claiming expenses for prune juice and denture cleaning stuff, or sixty year-olds claiming baby aspirin.
I have issues with the larger picture, but this may be just common sense; we can be asked to document anything we put on our tax returns, and this is no different.
To: Viking2002
I'm beginning to think that divine intervention is about the only way to save it.Just as long as you can provide that, I'm good.
6
posted on
10/28/2010 11:18:21 PM PDT
by
Libloather
(Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
To: kearnyirish2
Perhaps you’d like your HSA and IRA account to be distributed by the Government as well. They know best of course! Just turn everything over. NOT forcibly just by penalty of law!
7
posted on
10/28/2010 11:20:25 PM PDT
by
poobear
("The greatest tyrannies are always perpetrated in the name of the noblest causes." -- Thomas Paine)
To: kearnyirish2
The new cap of $2,500, the new hastles that it takes to buy a freaking bottle of Tylenol, don’t you get it? It’s all about destroying every part of the health care system that is privatized and that is controlled by the consumer instead of by the government.
To: T.L.Sink
I plan to call my local congress critter each and every time to see if the will help with the co-pay for the doctor visit and my Tylenol prescription.
9
posted on
10/28/2010 11:24:53 PM PDT
by
Drango
(NO-vember is payback for April 15th)
To: Libloather
Won't be me, brother, It'll be the Head Quartermaster upstairs. I'm lucky if my damn wife listens to me nowadays, much less the whole of America. LOL
"But know this, that in the last days perilous times will come: for men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away, for his name is Obama."
10
posted on
10/28/2010 11:29:24 PM PDT
by
Viking2002
(2010 - NO PRISONERS! NO QUARTER!)
To: kearnyirish2
So you have to go to the Doctor so I presume you would pay for that visit just to say you need aspirin for your headache—so you can use the oney that you sacved in your health savings acount—is that the gist of it. Do you think you will have to get a note if you neeed tampax I presume that would be a monthly doctors appointment.
11
posted on
10/28/2010 11:33:11 PM PDT
by
funfan
To: All
You’ll need a note for over-the-counter laxatives, asprin, tylenol, advil, Tums, zantac, etc. The doctor’s offices will just have pre-printed and signed prescriptions stacked up in the waiting room. Just go to the correct stack and grab a few. Doctor’s are not going to waste time seeing people because they need a note for over the counter medications. That’s how this outrageously stupid and unconstitutional “law” is going force doctor’s and their patients to behave.
12
posted on
10/28/2010 11:55:26 PM PDT
by
StormEye
To: T.L.Sink
This is ‘low hanging fruit’ for the next Congress to correct - I hope they don’t mess this one up ... They need a few wins under their belt.
13
posted on
10/29/2010 12:01:08 AM PDT
by
11th_VA
(Things that have never happened before, happen every day ....)
To: T.L.Sink
You know, sooner or later, I am going to start getting upset reading about how every day the government climbs farther and farther up my ass in an attempt to control everything I do.
14
posted on
10/29/2010 12:18:14 AM PDT
by
spodefly
(This is my tag line. There are many like it, but this one is mine.)
To: T.L.Sink
Land of the free, home of the brave...
To: Drango
They would love it. They thrive on you needing them. I quit calling and e-mailing. It is better to use the energy to oust them.
16
posted on
10/29/2010 12:55:36 AM PDT
by
screaminsunshine
(the way to win this game is not to play)
To: kearnyirish2
What do you mean baby aspirin? I eat one every day per my doctors orders. It is one of the safest ways to prevent a heart attack.
To: spodefly
Just wait until they try to control you pecker and how many times you are allowed to use it a month. Not to mention toilet paper and sooner or later there will regulations on toilet paper and what it can be made of.
To: T.L.Sink
This is BUMMER care, all right!
19
posted on
10/29/2010 1:30:27 AM PDT
by
HiTech RedNeck
(I am in America but not of America (per bible: am in the world but not of it))
To: kearnyirish2
In the case of an item like Tylenol, what other use could it be put to? A sales receipt, or a list provided by a pharmacy that keeps these records for you, by any common sense would be sufficient if there were an audit,
20
posted on
10/29/2010 1:34:02 AM PDT
by
HiTech RedNeck
(I am in America but not of America (per bible: am in the world but not of it))
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