Publication
Health Care Alert: Navigating Health Care Reform (September 22, 2010)
The Patient Protection and Affordable Care Act (the “Affordable Care Act”) added a new Section 106(f) to the Internal Revenue Code (the “Code”). Under Section 106(f), a new uniform standard applies to health flexible spending accounts (“health FSAs”) and health reimbursement arrangements (“HRAs”). Under the new standard, the cost of an over-the-counter medicine or drug cannot be reimbursed from the account unless a prescription is obtained.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 17 locations throughout the United States and in Mexico, including Los Angeles, Orange County, Palo Alto and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno-Tahoe, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
