Flex Spending Accounts

HHS has revised the effective date of the $2,500 cap for Flex spending accounts.  Earlier version of the law had the cap going into effect on Jan 1 2011.  It has now been revised to go into effect on Jan 1,2013.  The one change that does take effect in January of 2011 is participants will not be reimbursed for over-the-counter, nonprescribed drugs bought on or after January 1,2011.