407. What are the new rules regarding reimbursement of non-prescription medicines?cjumprcline202005-04-08T19:45:00Z2015-05-05T20:27:00Z2015-05-05T20:27:00Z190514Hewlett-Packard Company41603142007-10-05T00:00:00ZTaxFactsDefaultArticleSite Map/Life Insurance/Income Taxation/Proceeds/Living/Disposition/Sale or Purchase of a Contract115140262-00-tf1.xml263.00;#2099;#0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900242457EFB8B24247815D688C526CD44D009C4E67E972694125ABDA91AC61F5E51FTax Facts 1If the owner of a life insurance or endowment contract sells the contract, such as in a life settlement, what are the income tax consequences to the seller?74200.0000000000TaxFactsDefaultArticleSBMEDIA\moss-admin2010-01-14T23:41:49Z0f08e536-ecc3-4201-b7c3-d3285df31d4d|1fc94bdb-a5c9-44ee-a003-d812c170264f|af0412a2-2c61-499a-899a-33afe6bce9e0407. What are the new rules regarding reimbursement of non-prescription medicines?For plan years beginning in 2011 and thereafter, no plan can provide for, or reimburse on a tax favored basis, non-prescription over-the-counter drugs. This prohibition applies to medical expense reimbursement plans, cafeteria plans, flexible spending accounts, health savings accounts, health reimbursement accounts, and Archer medical savings accounts. However, if the plan participant gets a prescription for the over the counter medication, then it can’t be reimbursed because it is treated as a prescription drug.