FMI Applauds IRS Ruling to Allow Consumers to Use Health Benefit Debit Cards at Supermarkets

FMI Applauds IRS Ruling to Allow Consumers to Use Health Benefit Debit Cards at Supermarkets











Arlington, VA (Vocus) December 19, 2006

The Food Marketing Institute (FMI) today applauded the December 14 IRS ruling that consumers may use Health Reimbursement and Flexible Spending Account (HRA/FSA) debit cards at all supermarkets and mass merchant outlets.

Previously, the IRS held that consumers could redeem benefits with HRA and FSA debit cards only at drug stores until supermarkets and mass merchants install the technology to process these transactions, known as an information inventory approval system (IIAS).

“This is a victory for consumer convenience. It frees them to obtain valuable health benefits at retail stores everywhere,” said FMI President and CEO Tim Hammonds. “FMI members have advocated for years that consumers should be able to use their FSA and HRA debit cards in supermarkets, responding to consumer frustration over the limits.

“FMI conveyed these concerns to the IRS, prompting the agency to issue the ruling clarifying that these limits would be lifted during the time period that supermarkets and mass merchants install the IIAS technology. In fact, once these systems are in place, customers will no longer have to retain paper receipts or submit them to their HRA and FSA plan administrators.”

The IRS ruling will allow for debit card purchases of hundreds of millions of dollars in drugs and other products that qualify for the benefits at supermarkets and mass merchant outlets in 2007, according to FMI estimates.

The ruling is timely because debit benefit plan administrators were processing FSA and HRA debit card transactions under a 2003 IRS guidance document that appeared to them to classify supermarkets and mass retailers as “medical merchants.” The IRS recently rejected this interpretation, and administrators announced plans to stop accepting debit card transactions from them on January 1, 2007. Under the new ruling, they are allowed to continue accepting these transactions in 2007.

Food Marketing Institute (FMI) conducts programs in research, education, industry relations and public affairs on behalf of its 1,500 member companies — food retailers and wholesalers — in the United States and around the world. FMI’s U.S. members operate approximately 26,000 retail food stores with a combined annual sales volume of $ 340 billion — three-quarters of all retail food store sales in the United States. FMI’s retail membership is composed of large multi-store chains, regional firms and independent supermarkets. Its international membership includes 200 companies from 50 countries.

For more information, visit http://www.fmi.org.

Contact:    

Bill Greer

202-220-0667

# # #






















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







DIA 6th Canadian Annual Meeting Benefit and Risk Management: An Evolution in Progress

DIA 6th Canadian Annual Meeting Benefit and Risk Management: An Evolution in Progress











Horsham, PA (Vocus) October 8, 2008

The Drug Information Association (DIA) will host the 6th Canadian Annual Meeting (November 5-7; Ottawa, Ontario, Canada) to discuss a number of important issues facing Health Canada, the pharmaceutical industry, health academia, and the health care system.

As the universally respected forum for quality information exchange leading to better medicines that enhance health and well-being, DIA, along with members of the Canadian pharmaceutical industry, are joining forces to promote safe and appropriate medication use among Canadians.

To this end, the 6th Canadian Annual Meeting will include parallel tracks focusing on:


    Biologics
    Risk Management planning
    Challenges in evidence generation and uptake in the real-world environment
    Pharmacovigilance planning
    Medical risk communications
    Progressive drug development
    Scientific and regulatory challenges of drug/Device combination products
    Quality-by-design continuous improvement
    International regulatory cooperation
    eSubmissions/Document management
    Natural Health Products

More than 30 exhibiting companies will be on hand to showcase their products and services.

About the Drug Information Association (DIA)

DIA serves more than 30,000 professionals in the biotechnology, pharmaceutical and regulatory industries worldwide. Through its domestic and international meetings, training courses, workshops and webinars, DIA provides a neutral global forum for the exchange of information critical to the advancement of the drug discovery and lifecycle management processes. Headquartered in Horsham, PA, USA, and with offices in Basel, Switzerland, Tokyo, Japan, and Mumbai, India, the Association is led by its volunteer-based Board of Directors and executive management team. For more information, visit http://www.diahome.org or call 215-442-6100.

Contact:

Joe Krasowski

215-293-5812

Joe.Krasowski @ diahome.org

# # #









Attachments


















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Holiday Benefit for Boys and Girls Club of Greenwich

Holiday Benefit for Boys and Girls Club of Greenwich










Greenwich, CT (PRWEB) April 5, 2006

Adria de Haume, a Greenwich “home town” talent, opened her studio on December 11th, 2005 for a holiday show of her exclusive designs to benefit the Boys and Girls Club of Greenwich. “Adria’s warm, generous spirit embraces everyone, especially children and I am honored by her commitment to reach out to make a difference both personally and professionally for the Club”, said Carol Browne, prominent member of the Board of Trustees.

Established in 1910, the Boys and Girls Club of Greenwich, (BGCG) known as “The Positive Place for Kids,” encourages youth leadership through its character development and leadership programs. The Club provides education in career enhancement, health and life skills, the arts, sports, fitness and recreation. The Club’s steadfast mission remains: “To inspire and enable all young people in our community, especially those from disadvantaged circumstances, to realize their full potential as productive, responsible, and caring citizens.” To learn more about this wonderful organization, visit their web site http://www.bgcg.org

The holiday studio event was a great success, with Haume donating $ 10,000 to the Club. Bob DeAngelo, Executive Director of the Boys and Girls Club, wrote, “this support ensures that we continue to make great moments for many children, and to our mission.”

Both he and Carol Browne expressed their gratitude for this gift.

Adria remarked, “It is my joy to be able to do this for such a deserving endeavor. Greenwich is a town where people care deeply about the welfare of others, and their philanthropic support for the Boys and Girls Club, as well as for so many other important charities, is a beautiful reflection on the spirit of our community.”

###



















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.