Navigation Links
Retail Pharmacy Teams Help Patients Maximize FSA Funds Before Year End
Date:12/20/2011

WASHINGTON, Dec. 20, 2011 /PRNewswire-USNewswire/ -- With the year end fast approaching, retail pharmacy teams, including Pharmacy Technician Certification Board (PTCB) Certified Pharmacy Technicians (CPhTs), continue to provide patients with practical solutions on how to best utilize remaining 2011 Flexible Spending Account (FSA) funds.

An FSA is a voluntary employer-spon­sored benefit allowing over 35 million families in the United States to set aside pre-tax dollars to pay for medical expenses not cov­ered by regular health insurance. Expenses may include insurance copayments and deductibles, behavioral health services, medical devices, and insulin. An FSA can save an individual up to 40% on items typically paid for out-of-pocket, depending upon their tax-bracket.

"The U.S. Department of Labor estimates that American families spend $185 per year on OTC medications," said Megan Sheahan, PharmD, PTCB Director of Professional Affairs. "Pharmacists and pharmacy technicians play an active role in communicating to patients and families that, in addition to being an affordable and accessible component of health care, OTC medications are often eligible for FSA reimbursement with a prescription."

In January 2011, the Affordable Care Act established a new standard, classifying many over-the-counter (OTC) medications such as cold and flu products as eligible for reimbursement with a prescription from a physician.

"Medicine Shoppe and Medicap pharmacy teams are committed to helping patients make smart health decisions for themselves and their families, including helping patients make the best use of their flexible healthcare spending accounts," said John Fiacco, vice president and general manager of Medicine Shoppe and Medicap Pharmacies. "Pharmacy registers at many Medicine Shoppe and Medicap pharmacies are even equipped with the latest FSA-approved product information, to help patients understand which products qualify for their flexible spending accounts."

FSA participants are often required to spend their entire annual election before the end of the calendar year, or they forfeit any unused money. Pharmacy teams in retail settings are actively engaging with consumers to increase the value of this employee benefit and offer practical suggestions on how to maximize FSA contributions.

For additional information on 2011 FSA changes, please visit www.irs.gov.

About PTCB

The Pharmacy Technician Certification Board (PTCB) was established in January 1995 and is governed by five pharmacy organizations—the American Pharmacists Association, the American Society of Health‐System Pharmacists, the Illinois Council of Health‐System Pharmacists, the Michigan Pharmacists Association, and the National Association of Boards of Pharmacy. The goal of PTCB's national certification program is to enable pharmacy technicians to work more effectively with pharmacists to offer safe and effective patient care and service. Pharmacy technicians may apply to take the Pharmacy Technician Certification Exam at www.ptcb.org.

 


'/>"/>
SOURCE Pharmacy Technician Certification Board
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. CEOs Present and Take Questions Live, Online, December 1st at RetailInvestorConferences.com
2. IsoRay, Inc. to Webcast, Live, at RetailInvestorConferences.com on December 1st
3. Prime Therapeutics Launches Retail Medication Therapy Management Program
4. Gamma Pharmaceuticals, Inc., Launches Retail Promotions for Gamma Energy Gel™ in New York City and Houston
5. PLC Medical Systems CEO Presentation Now Available for On-demand Viewing at RetailInvestorConferences.com
6. voiceTech Launches ServiceLink-Rx, the First Comprehensive Patient Communication Platform for Retail Pharmacies
7. BioElectronics Corporation to Webcast, Live, at RetailInvestorConferences.com on October 6th
8. PLC Medical Systems to Present Webcast Live, at RetailInvestorConferences.com on October 6th
9. Argus Announces Retail Network Relationship
10. Global Health Ventures August 4th Investor Presentation Now Available for On-demand Viewing at RetailInvestorConferences.com
11. Vantage Health South African Subsidiary Negotiates Supply Agreement With Major South African Retail Group
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/2/2016)... Leading Economies with Fastest Real GDP Annual Percentage Change, 2015  ... 7.3, , Source: IMF and TechSci Research   ... Brazil , Russia , India , ... the fastest GDP growth during the first decade of the 21 st ... Brazil and Russia , along with policy ...
(Date:5/2/2016)... N.J. , May 2, 2016  Celsion ... development company, today announced data from the first ... escalating clinical trial (the OVATION Study) combining GEN-1, ... care for the treatment of newly-diagnosed patients with ... followed by interval debulking surgery.  In the first ...
(Date:4/29/2016)... April 29, 2016 ReportsnReports.com ... 2016" market research report that provides an overview ... analysis at various stages, therapeutics assessment by drug ... (RoA) and molecule type, along with latest updates, ... reviews key players involved in the therapeutic development ...
Breaking Medicine Technology:
(Date:5/2/2016)... (PRWEB) , ... May 02, 2016 , ... ... at a residential inpatient rehabilitation center can find some useful information in a ... located in Central Michigan. This video, which can be viewed on the Serenity ...
(Date:5/2/2016)... ... 02, 2016 , ... The Beryl Institute announces the publication ... international, open access, peer-reviewed journal focused on research and proven practices around understanding ... authors, the third volume of PXJ continues to expand PXJ's reach both with ...
(Date:5/2/2016)... Austin, Texas (PRWEB) , ... May 02, 2016 , ... ... return. As a token of appreciation, pet owners celebrate National Pet Week, which falls ... 7 in 2016, remind pet owners to cherish the human-animal bond and recognize responsible ...
(Date:5/2/2016)... ... 2016 , ... The Civilian Corps of the U.S. Army Medical Command (MEDCOM) ... for its uniformed service members, the retired service members, their families and other eligible ... May 12th National Nurses Week. It acknowledges the hard work and dedication of the ...
(Date:5/2/2016)... ... May 02, 2016 , ... Amica Life Insurance ... understand life insurance throughout various life stages. , The site launched on April ... calculator and content specific to the times when life insurance matters most. , ...
Breaking Medicine News(10 mins):