News Room

FMI Supports Fix to Allow OTC Eligibility for Flexible Spending Arrangements

July 14, 2011
ARLINGTON, VA—July 14, 2011—The Food Marketing Institute (FMI) today endorsed the Restoring Access to Medication Act (S. 1368/H.R. 2529), legislation allowing consumers the freedom to use their flexible spending arrangements (FSAs) to purchase over-the-counter (OTC) medicines without requiring them to first get a prescription. Current provisions restrict the use of FSA spending to physician prescribed medicines, thus requiring consumers wanting to utilize their FSA to take the costly and unnecessary step of obtaining a prescription for medicines readily available over the counter.

“FMI’s member companies are focused on providing our customers access to OTCs and other medicine at an affordable cost. We are strongly supportive of this legislation which would remove recent restrictions on FSA purchases that have burdened consumers with illogical complications and undue medical expenses to gain access to preventative medicines and medicines that provide relief from minor ailments” says Jennifer Hatcher, senior vice president of government and public affairs at FMI.

Initially introduced by Senator Pat Roberts (R-Kan.), Senator Ben Nelson (D-Neb), Representative Lynn Jenkins (R-Kan.) and Representative Shelley Berkley (D-Nev.), this legislation would save the unnecessary expenses associated with visits to the Doctor, made in order to receive prescriptions for OTC medicines for minor ailments.

According to a survey by the Consumer Healthcare Products Association (CHPA), $5.2 billion could be saved by consumers and taxpayers annually, if only half of the unnecessary medical visits were avoided by greater self-management of healthcare, including the use of OTC medicines. If this legislation passes, 19 million working American families will once again be able to utilize their FSA debit cards in purchasing these cost-effective medicines.

Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org

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