Over-the-counter drugs covered by flex plans.
Guidance has been issued clarifying that reimbursements for nonprescription drugs by an employer's health plan are excluded from income.
Rev. Ruling 2003-102 states that the statutory exclusion for reimbursements of employee health expenses is broader than the itemized deduction for medical expenses, which doesn't apply to nonprescription drugs.
For more information and to access Rev. Ruling 2003-102, go to www.irs.gov/ newsroom/article/0,,id = 112623,00.html.
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|Title Annotation:||IRS News|
|Article Type:||Brief Article|
|Date:||Nov 1, 2003|
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