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Transition Relief Extended for Using Health FSA and HRA Debit Cards at Drug Stores and Pharmacies
Deloitte via BenefitsLink
[Guidance Overview] Dec. 16, 2008
Excerpt: The IRS has issued Notice 2008-104 to extend by six months the transition relief for using health flexible spending arrangement (Health FSA) and health reimbursement arrangement (HRA) debit cards at certain merchants with Drug Store and Pharmacy merchant category codes (MCCs).... Basically, the notice gives these merchants until June 30, 2009 ? instead of December 31, 2008 ? to implement the inventory information approval system described in Notice 2006-69, 2006-31 I.R.B. 107.
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