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Oct/Nov 2010 vol 1
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Critical FSA
Change Taking Effect January 1, 2011
FSAs
& Debit Cards To Be Affected By New Health Care Reform Law
 As part of the
National Health Care Reform Law, the first of two significant changes
affecting Flexible Spending Accounts will take effect on January 1,
2011. This change will require that a physician's prescription be
provided for certain over-the-counter (OTC) medications and drugs to
be eligible for reimbursement.
This change will go into effect at "the stroke of midnight"
on January 1, 2011, regardless of the plan year and will apply to all
expenses incurred on or after January 1, 2011. This also means that
2010 plan year grace period OTC medication expenses (like aspirin and
cold medicine) will require a physician's prescription.
The second change, which will become effective for taxable years
starting in 2013, will create a limit on Medical FSAs deductions. The
limit has been set at $2,500 for 2013 and will be indexed to the
Consumer Price Index starting in 2014.
Flex
Debit Card purchases will be affected as well. Eligible items, such
as band aids and blood sugar test kits will continue to be approved
at the point-of-sale since they do not require a physician's
prescription. However, Dual Purpose items, items that will require a
doctor's prescription, such as Aspirin and Cough Medicine, will no
longer be purchasable with your Flex Debit Card via an Inventory
Information System (IIAS).
Crosby will continue to keep you informed of any changes related to
this Law.
This
means that you will need to pay for Dual Purpose items with a
different form of payment and submit a claim manually and be
reimbursed through a check or Direct Deposit.
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Receive
Reimbursements and Communications Electronically
Go
Green! Sign Up Today
 We encourage our
Reimbursement Account Holders to Go Green! Enroll Now to receive E-Communications (e.g.
Debit Card, Claims Submitted, Denial Notifications).
Click
here to find out how
to enroll in Direct Deposit and manage your Email Communication
settings. Choosing these options makes communicating with you more
efficient and your reimbursements will be received much faster. And
of course, both help the environment too.
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Helpful
Hints About The Flex Debit Card
When
Are Debit Card Receipts Required?
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 Some employers offer
the Flex Debit Card as a convenient enhancement to a Medical Flexible
Spending Account (FSA). By using the card for eligible products and
services, you will not need to submit claims and wait for
reimbursement.
In general, you are
required to submit receipts for:
► Co-payments (if not enrolled in employer's medical plan)
► Vision and dental expenses
► Other non-confirmable transactions
In general, you are
not required to submit receipts for:
► Recurring expenses (the amount charged and merchant
information must match the exact dollar amount and merchant
information for each successive expense)
► Co-payments (if enrolled in employer's medical plan)
► Prescriptions
► IIAS
retailers
For more information
about your Flex Debit Card, you may visit the FAQ section within the
participant area of CrosbyBenefits.com.
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Flexible
Spending Account (FSA) Video Presentations
Enjoy A Short Video About How FSAs Can Benefit You
Did you know? By participating
in a Flexible Spending Account, you will not pay federal, state
and/or Social Security taxes on your elected amount. This generally
means a 20% to 40% savings! Please
click one of the links below to begin the presentation:
FSA Overview Only
FSA Overview w/ Debit Card
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Crosby CONNECT is intended for Crosby Participants
(employees of Crosby clients).
© 2011 Crosby Benefit Systems, Inc.
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