"OTC does not mean that.
OTC Aspirin is even covered by insurance.
In fact, a number of OTC contraceptives are already covered by insurance.
Do you know how insurance works?" - Sycophant
No you are incorrect but it's subtle.
health insurance GENERALLY does NOT pay OTC medications but if a medication is OTC, a physician can write a prescription and THAT would be covered by insurance.
So for example, Ibuprofen is OTC and when you buy it, your health insurance is NOT required to cover it. Some insurance MAY cover it but it is not a federally requirement. But if your physician writes a prescription for Ibuprofen, your insurance company is required to cover it. But you still can't pick up an OTC bottle, it still needs to be filled by a pharmacist.
additionally if you have a flexible spending account that you contribute to, those funds can be used to purchase OTC medications tax free. One president rolled back the tax free OTC purchases by making them more restrictive and they reduced the amount that could be used for a FSA. I think the amount that could be contributed to a FSA was reduced from 5K to 1.5K.
"OTC does not mean that.
OTC Aspirin is even covered by insurance.
In fact, a number of OTC contraceptives are already covered by insurance.
Do you know how insurance works?" - Sycophant
No you are incorrect but it's subtle.
health insurance GENERALLY does NOT pay OTC medications but if a medication is OTC, a physician can write a prescription and THAT would be covered by insurance.
So for example, Ibuprofen is OTC and when you buy it, your health insurance is NOT required to cover it. Some insurance MAY cover it but it is not a federally requirement. But if your physician writes a prescription for Ibuprofen, your insurance company is required to cover it. But you still can't pick up an OTC bottle, it still needs to be filled by a pharmacist.
additionally if you have a flexible spending account that you contribute to, those funds can be used to purchase OTC medications tax free. One president rolled back the tax free OTC purchases by making them more restrictive and they reduced the amount that could be used for a FSA. I think the amount that could be contributed to a FSA was reduced from 5K to 1.5K.