September 3, 2003 - 8,548 subscribersTreasury and IRS Announce Over-the-Counter Drugs Can Be Reimbursed Tax-Free Through Cafeteria Plans Excerpt: "Treasury and IRS issued guidance clarifying that reimbursements for nonprescription drugs by an employer health plan are excluded from income. Thus, reimbursements by health flexible spending arrangements (FSAs) and other employer health plans for the cost of over-the-counter drugs available without prescription are not subject to tax if properly substantiated by the employee." (Internal Revenue Service)
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