by BMC | Dec 5, 2010 | Uncategorized
As we arrive at the end of 2010, BMC Benefit Services is providing a brief update on some issues that will impact everyone in 2011. OTC Drugs Require a Prescription for FSA Submission in 2011 If you have an FSA, this is a reminder that you will need a prescription in...
by BMC | Aug 15, 2010 | Updates
Effective January 1, 2011, Medical FSA (Health Care Spending Account) funds may no longer be used for OTC drugs and medicines (other than insulin) without a directive from a medical provider. This means that beginning January 1, 2011, if an OTC drug or medication is...
by BMC | Aug 6, 2010 | Updates
ARRA COBRA Subsidy Update The ARRA COBRA subsidy has expired and has not been extended. Current COBRA notices should be in the pre-ARRA format. If BMC Benefit Services sends your COBRA notices, we’ve already updated our files to the pre-ARRA notices. Carrier Product...
by BMC | Dec 31, 2007 | Updates
This is the time of year when the subject of Health Care Spending Accounts, also known as Flexible Spending Accounts, comes up. Even our clients who have implemented FSAs have not generated substantial participation, probably because most employees don’t really...
