Pharmacies and Drugstores IIAS Transition Period Expires June 30, 2009

As you may know, the IRS issued new regulations in 2007 limited the use of health FSA debit cards to health-care related merchants and merchants who have an Inventory Information Approval System (IIAS) in place. IIAS is an automated system put in place by a merchant that approves eligible medical expenses at the point of purchase by matching the item's SKU to a list of eligible expenses. Overall, IIAS has been a great success by helping to reduce the substantiation participants need to submit under the IRS guidelines. A special transition period is in place that allows use of the debit card at pharmacies and drugstores as health-care related merchants. This special transition period is to end June 30, 2009.

June 16, 2009 · Categories: HSA, HRA, FSA · Read article »

HEALTH CARE REFORM INITIATIVE - CONTACT YOUR CONGRESSIONAL LEADERS TODAY

Health care reform is inevitable and it will happen this year. This is what we are hearing from key Senators and Representatives. Based on conversations we have had with Congressional top aides, we agree that there will be a health care reform bill this year. How health care reform is financed is a key part of the equation and we are asking for your help to contact your Senators and Representatives with your input.

June 12, 2009 · Categories: General, HSA, HRA, FSA · Read article »