PTR PODCAST Episode 4: Flexible Spending Accounts Processing & July 2009

Guest Host Brandon Shuey - President of FlexTrax Solutions. New IRS regulations take effect on July 1, 2009 that will impact how pharmacies process flexible spending account (FSA) transactions. read more To comply with these new laws, pharmacies will be required to use an IIAS compliant system, or risk losing FSA customers. The updated requirements are expected to dramatically impact independent pharmacies that, unlike their larger competitors, might not be able to afford a traditional, expensive POS.