Can’t Use Your FSA or HSA to Buy Over-the-Counter Drugs? AARP Is Working on That

It’s no secret that chronic pain is a common problem among older adults. According to the National Institutes of Health, 50 percent of older adults who live on their own suffer from chronic pain, and that number jumps to 75 percent or higher for seniors living in care facilities. Over-the-counter (OTC) medicines provide older adults with a trusted first line of defense against pain and allow them to manage their symptoms from the comfort of their own home without having …

A Tax Rule Washington Is Making Easier

No more rushing to buy a spare pair of prescription glasses to use up your flexible spending account (FSA) before the year ends. >> Sign up for the AARP Money newsletter. The Treasury Department is letting employers give their workers a break by allowing them to roll over up to $500 from their special accounts into the next year. The accounts, which each year let you set aside up to $2,500 in before-tax dollars to pay for health care expenses, …