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The Affordable Care Act (Obamacare): If You Have Health Insurance

Tax Advantaged Savings Accounts (HRA, FSA, HSA, MSA)

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9/19

The Affordable Care Act excludes the costs for over-the-counter drugs not prescribed by a doctor from being reimbursed through an HRA or health FSA and from being reimbursed on a tax-free basis through a Health Savings Account (HSA) or Archer Medical Savings Account.

The tax on distributions from a Health Savings Account or an Archer MSA that are not used for qualified medical expenses is increased to 20% of the disbursed amount (from 10% for HSAs and from 15% for Archer Medical Savings Accounts.)


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