Posted on 10/15/2010 5:01:40 PM PDT by ColdOne
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.
(Excerpt) Read more at foxnews.com ...
Soon your employer will be required to wire your paycheck directly to Washington, where the Department of Just Compensation will decide what tiny fraction of it they can afford to let you have.
hate the bastards who are screwing these helpful programs...will be cleaning mine out at year end...once you are forced to medicare you can;t use them either...that is alredy in effect now.
Media always uses “rules” instead of “regulations” in their propaganda. Even Fox.
I thought this was already in place....as of THIS year?
They’re already talking about doing that in England.
You copied that from the UK.
The Health Savings Accounts are the best method to control medical costs. It causes consumers to be engaged with the fiscal end of health care.
Without patients being both fiscally and physically involved with costs, they will continue to rise.
You’d be surprised how many labs/ health care service providers have ‘cash’ pricing.
This is a sad day for our nation.
This should help streamline the doctor’s practice and make him more efficient.
How or does this affect people who don’t have insurance?
“Many HSA policy holders leave the money in the account, contribute the maximum allowed every year, and then don’t use it at all, preferring to let it grow tax-deferred to age 65. Once you have reached age 65, the HSA functions like an IRA – you can withdraw the money at any time for any reason, paying only normal income tax. The interest on an HSA is not taxable unless the money is spent on non-medical expenses; then you will pay tax on the distribution.”
from
http://www.arizonalifelines.com/article5.html
humm didn’t know this...may reconsider...thanks for the information!
They’re trying to kill this by killing us with so much paperwork that we stop using the accounts or we cut our amount way down.
The logical, reasonable thing to do about the ‘illegal or are the constant “down trodden-ed” was to establish more free clinics. It would have been cost effective.
(See John Mackey- Whole Foods CEO proposals. People in this country are very generous when the government gets out of the way.)
Cause it is not the business of the Government that is why..
We have not used our HSA in this way, but apparently alot of Freepers do. I don’t think that they use a great amount a year. It just helps them with the OTC they do need.
If I did this, and this was taken away from me, I would be howling too.
I do wonder how much longer we can use our HSA the way we like. We try to keep it up to cover our now very high yearly deductible of $8K. Even if we gave the max, it doesn’t add up to the $8K in a year. So, it takes us more than a year to save up an amount that could be gone in one year. sigh.
Great ... just a $40 copay for a $1.89 bottle of aspirin. And the sheeple wonder why the cost of medical care is so high. (Don’t forget to save your receipt for $1.89 so that you can prove it should be applied to your FSA. (Unless line 37 is more than the lesser of 0.6 times line 36 or one half the difference of line 34 minus line 35, except on Tuesday.)
Lamp posts, I say.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.