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12-27-2010, 07:33 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,895
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Tell your Dr. to write you prescriptions for the OTC meds you take, problem solved.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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12-27-2010, 07:51 PM
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#3
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,525
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Agreed, but I don't have a family doctor.
If I did, I wouldn't bother him with a call like "I caught a cold. Can you save me 25% on my $6.50 purchase by calling in a prescription for some cough medicine?".
If I was a doctor, the reply would be: "Sure. That'll be $180 / hour x 3 minutes = $9.00"
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12-27-2010, 08:49 PM
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#4
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Full time employment: Posting here.
Join Date: Nov 2009
Location: VA
Posts: 923
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Why? Because they make it up as they go along...
__________________
Disclaimer - I am an independent insurance agent. If the above message contains insurance-related content, it is NOT intended as advice, and may not be accurate, applicable or sufficient depending on specific circumstances. Don't rely on it for any purpose. I do encourage you to consult an independent agent for insurance-related advice if you have a question that is specific in nature.
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12-27-2010, 09:40 PM
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#5
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,525
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Quote:
Originally Posted by dgoldenz
Why? Because they make it up as they go along...
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Well, yes, but "they" must have made up had a justification.
Some ideas :
- We once found a double-stupid backwoods meth lab proprietor that purchased all of his cold medicine ingredients through a HSA
- We've "heard" that over 73 people have purchased a grocery cart full of Milk of Magnesia, turned in a copy of the receipt for reimbursement, then taken the goods back for a refund
- The congressional number-crunchers convinced themselves that everyone with a reimbursement account would reduce their non-taxable set-aside by $25 in 2011, generating millions in added income tax revenue
- Doctors are always complaining about Medicare / Medicaid fees and paperwork...let's distract them with something related to the privately insured customers that work at Megacorp
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12-27-2010, 09:53 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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Quote:
Originally Posted by frayne
Tell your Dr. to write you prescriptions for the OTC meds you take, problem solved.
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Unless the Dr. goes "would it look bad on me for giving a prescription for a non-prescription med?"
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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12-27-2010, 10:12 PM
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#7
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,525
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And the winner is...
- The congressional number-crunchers convinced themselves that everyone with a reimbursement account would reduce their non-taxable set-aside by $25 in 2011, generating millions in added income tax revenue
Supposedly this change will provide $600 million in annual revenue increases.
JCX-17-10
"Estimated Revenue Effects Of The Amendment In The Nature Of A Substitute To H.R. 4872, The "Reconciliation Act Of 2010," As Amended, In Combination With The Revenue Effects Of H.R. 3590, The "Patient Protection And Affordable Care Act ('PPACA')," As Passed By The Senate, And Scheduled For Consideration By The House Committee On Rules On March 20, 2010"
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12-31-2010, 08:14 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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Here's more on this change, from an article today. " No Medicine For You."
Apparently the law applies to HSAs and FSAs.
His advice:
Quote:
If you have a Health Savings Account or Flex Spending Account with money in it, your task today, the last day of 2010, is to go to the drug store, whip out that card, and buy as much over-the-counter medication as you think you might need in 2011. If you don't, you'll have to pay for it out of pocket starting tomorrow.
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