" /> 2011 Health Care Reform | Terri L. Wiltrout, CPA
Thursday, March 30, 2023 05:46

2011 Health Care Reform

Below is a brief summary of the expected changes to you and your business in 2011 due to the Health Care Reform Act:

  • Over-the-counter medications will NOT be allowed for reimbursement in a Flex Spending Account.
  • Insurers must spend at least 80% of premiums on medical services.
  • Medicare prescription drug beneficiaries will receive a 50% discount on brand-name drugs while in the gap (between $2,700 and $6,154).
quickbooks rochester mn