May 10, 2024

Archives for October 2013

Chamblee Resigns From Golf Magazine After Critical Remarks on Woods

Chamblee’s comments, insinuating that Woods had cheated during the season, upset Woods. Woods’s agent, Mark Steinberg, called them “shameful, baseless and completely out of line,” and said that he was looking into legal action.

In an interview on Golf Channel, Chamblee said that his mistake in writing about Woods’s season was to compare his own cheating on a fourth-grade math test with Woods’s being a “a little cavalier about the rules” in incidents that led to three two-stroke penalties.

“Cheating involves intent,” Chamblee said on the “Golf Central” studio show. “Now, I know what my intent was on that fourth-grade math test. But there’s no way that I could know with 100 percent certainty what Tiger’s intent was in any of those situations.”

Chamblee, who had apologized on Twitter, said that he was resigning from Golf.com, where his remarks were published, not Golf Channel. “Tiger and his camp, they’re upset at Golf Channel,” he said. “This column appeared on Golf.com. Nobody here at Golf Channel knew anything about it and my editor at Golf.com asked me to rewrite the ending when I sent it to him.”

He added that he realized that a conflict existed in working for Golf Channel and Golf magazine, which is owned by Sports Illustrated. Now, he said, “if Tiger and his camp have an issue with something I write, they will at least be yelling at the right people.”

Mike McCarley, the president of Golf Channel, declined to comment.

Article source: http://www.nytimes.com/2013/10/31/sports/golf/chamblee-resigns-from-golf-magazine-after-critical-remarks-on-woods.html?partner=rss&emc=rss

American Candy Makers, Pinched by Inflated Sugar Prices, Look Abroad

“We are committed to offering locally made affordable products, but the cost of sugar is driving manufacturers out of the country,” Ms. Calvo-Bacci said, echoing other American candy producers, like the maker of Dum Dum lollipops, that are moving jobs to Mexico to take advantage of the lower sugar prices there.

Candy makers say the culprit is the federal sugar program, a combination of import restrictions, production quotas and loan programs dating to the 1930s, all designed to keep the price of American sugar well above that of the world market. Now the program is at the center of an intensifying battle as the House and Senate open formal negotiations this week on a long-delayed farm bill.

The price for one type of sugar, wholesale refined beet sugar, averaged 43.4 cents per pound at Midwest markets last year, the Agriculture Department reported, compared with 26.5 cents per pound for the world refined sugar price.

American sugar producers say the federal program is necessary to keep sugar-producing countries like Brazil, India and Thailand from flooding the American market and driving them out of business. Nick Sinner, the executive director of the Red River Valley Sugarbeet Growers Association in Minnesota and North Dakota, says that the cost of sugar makes up a small percentage of the retail price of candy, and argues that it has little impact on domestic jobs.

Opponents of the program say they hope that the $300 million the federal government will spend this year to buy excess sugar will prompt lawmakers to re-examine it. (A larger-than-expected harvest and the importation of millions of pounds of sugar from Mexico led to a surplus, contributing to a drop in prices, sugar industry officials said.) By law, the government has to buy excess sugar when prices drop below a certain level.

“I’m hoping that members who are meeting to work on a final farm bill will consider that we are paying millions to bail out sugar producers, while doing nothing for small business, which make little sense,” said Senator Jeanne Shaheen, Democrat of New Hampshire, who with Senator Mark Kirk, Republican of Illinois, has sponsored legislation to overhaul the sugar program. “Sugar price supports are an unnecessary market intervention that have no place in our 21st-century economy.”

But sugar producers, bolstered by lawmakers from sugar-beet-producing states like Minnesota and sugarcane states like Florida, have spent an estimated $20 million since 2011 to block efforts to change the program. (Sugar beets account for about 55 percent of American sugar production, and sugar cane for about 45 percent.) Small candy makers, bakers and others who have lobbied Congress for lower prices say that taking on the sugar lobby is like taking on Goliath.

“We were no match for the sugar people,” said Judy Hilliard McCarthy, an owner of Hilliard’s House of Candy, a candy maker just outside Boston. Ms. McCarthy said she had made several trips to Washington to lobby on behalf of the industry.

Government and academic studies support claims by candy makers that the sugar program has had an impact on the industry. A widely cited 2006 study by the Commerce Department and a 2011 Iowa State University study found that the price supports had led to job losses among candy makers.

In particular, the Commerce Department study found that three candy-making jobs were lost for each job growing or processing sugar that was saved by higher prices. The Iowa State study found that eliminating price supports and quotas for sugar would create about 20,000 jobs for American food processors, bakeries and candy makers.

Article source: http://www.nytimes.com/2013/10/31/us/american-candy-makers-pinched-by-inflated-sugar-prices-look-abroad.html?partner=rss&emc=rss

Intel Is Said to Weigh Sale of Online Cable TV Venture

It is possible that Intel will forge ahead with OnCue through a partnership with Verizon, or a pact with some other company, but a purchase by Verizon is most likely, according to the people, who insisted on anonymity because the talks were supposed to be private. A deal will most likely be struck by the end of the year.

OnCue, as envisioned by Intel, would take the traditional cable television bundle and make it more consumer-friendly by transmitting it via the Internet. The company’s technology has impressed many, but channel owners have been reluctant to make the necessary licensing deals, stirring speculation that Intel might not move forward.

The other big roadblock has been an internal one. When a new chief executive, Brian M. Krzanich, took over the company earlier this year, he expressed skepticism about the television project because it was not a core part of Intel’s business, and directed the project leaders to seek partnerships for it.

Earlier this fall Intel executives privately acknowledged that they would fall short of their widely publicized goal of introducing OnCue to the public in time for the holiday season.

A takeover of OnCue could position Verizon to sell a cablelike television service across the United States through existing broadband pipes or through its Verizon Wireless business. Its current eight-year-old television subscription service, FiOS, has five million subscribers and is growing steadily, but it is available in only about 15 percent of American homes because it is delivered over a proprietary fiber-optic network. Verizon said last year that it did not plan to expand that fiber-optic network much more.

But a Verizon television service could potentially reach many more people if it were not linked to the fiber-optic network and were made available through any broadband connection. Alternatively, it could be sold as an optional mobile TV upgrade for the Verizon Wireless unit’s roughly 100 million monthly subscribers.

Verizon is in the process of gaining full ownership of the wireless unit, having announced last month a $130 billion acquisition of Vodafone’s 45 percent stake. “We don’t comment on speculation,” a Verizon spokeswoman said on Wednesday after the online technology site AllThingsD published an article on the talks with Intel. An Intel spokesman declined to comment.

Article source: http://www.nytimes.com/2013/10/31/business/media/intel-is-said-to-weigh-sale-of-online-cable-tv-venture.html?partner=rss&emc=rss

In Dispute Over a Song, Marvin Gaye’s Family Files a Countersuit

Robin Thicke’s song “Blurred Lines” is one of the year’s biggest hits, but behind the scenes the song is the focus of a bitter dispute that led Wednesday to the family of Marvin Gaye filing a copyright lawsuit.

In August, Mr. Thicke and his two fellow songwriters, Pharrell Williams and Clifford Harris Jr. (also known as the rapper T.I.), sued the family of Marvin Gaye in a pre-emptive strike, saying that they expected Gaye’s children to claim that “Blurred Lines” copied Gaye’s 1977 hit “Got to Give It Up.”

The similarities between the songs — among them a smooth, retro beat and lots of falsetto — have been noted by critics and Mr. Thicke has acknowledged “Got to Give It Up” as an inspiration. But “being reminiscent of a ‘sound’ is not copyright infringement,” the men said in their suit.

Two of Gaye’s children, Frankie and Nona, have responded with a countersuit, filed in United States District Court in Los Angeles. The suit says that not only does “Blurred Lines” infringe on their father’s copyright, but that another of Mr. Thicke’s songs, “Love After War,” also copies a Gaye song, “After the Dance.”

According to the suit, which was first reported by The Hollywood Reporter, a musicologist, Judith Finell, studied “Blurred Lines” and “Got to Give It Up” and found “a constellation of at least eight distinctive and important compositional elements” between them.

Extending their case beyond copyright, the Gayes also sued Sony/ATV Music Publishing, which controls the EMI publishing catalog, which includes Gaye’s songs. The Gayes accuse Sony/ATV — which is also a publisher of Mr. Williams’s work — of breach of contract and of fiduciary duty by taking sides against the family in the dispute and trying to intimidate them into dropping the case. Gaye died in 1984.

According to the Gayes, Sony/ATV tried to persuade them that their case was frivolous, and that the company’s chairman — who was not named in the suit, but is Martin N. Bandier, a well-known music executive — told the family they were “killing the goose that laid the golden egg” by pursuing the case.

In a statement, Sony/ATV said that another musicologist had determined that “Blurred Lines” did not infringe on “Got to Give It Up,” and also defended its corporate role as a steward for songwriters.

“We take our role in protecting the works of all of our songwriters from infringement very seriously,” the company said. “And while we very much treasure the works of Marvin Gaye and our relationship with the Gaye family, we regret that they have been ill advised in this matter.”

Both suits seek unspecified damages.

Article source: http://www.nytimes.com/2013/10/31/business/in-dispute-over-a-song-marvin-gayes-family-files-a-countersuit.html?partner=rss&emc=rss

Fed Extends Stimulus as Growth Stumbles

The Fed’s widely expected announcement on Wednesday that it would press ahead with its stimulus campaign of asset purchases and low interest rates reflected the reality that the nation’s central bankers gained little clarity in the six weeks since their last meeting, in part because the government shutdown delayed and distorted key economic indicators.

The statement, issued after a scheduled two-day meeting of its policy-making committee, amounted to a declaration that the Fed is not yet ready to decide, and it shed little light on how soon changes may come.

The Fed maintained its optimistic assessment of “growing underlying strength in the broader economy,” contrasting the recovery of the private sector with the continued drag of federal spending cuts. It said that the availability of jobs was improving and that it expected inflation to rebound from its sluggish pace. Notably, it made no direct mention of the shutdown.

But despite the relatively sunny forecast, largely unchanged from the Fed’s last meeting in September, Fed officials remain reluctant to pull back. As a result, the central bank will continue to add $85 billion a month to its portfolio of Treasury securities and mortgage-backed securities.

And the Fed, if anything, has reinforced its commitment to hold short-term interest rates near zero through next year and well into 2015. “Taking into account the extent of federal fiscal retrenchment over the past year, the committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program as consistent with growing underlying strength in the broader economy,” the Federal Open Market Committee said. “However, the committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases.”

Analysts and investors reacted to the statement as moderately increasing the chances that the Fed would begin to retreat, or taper back on its purchases, in December, when the committee holds its final scheduled meeting of the year. Stocks fell slightly. Yet most analysts said they continued to regard the Fed as more likely to wait until the spring.

“This is a somewhat hawkish statement, but we don’t think it’s so hawkish as to change our expectations for a first tapering in April,” Michael Feroli, chief United States economist at JPMorgan Chase, wrote to clients.

Fed officials spent much of the summer preparing investors for a retreat from its stimulus campaign before the end of the year.

But there is still little sign that the Fed has succeeded in increasing job growth. The share of adults with jobs remains at roughly its post-recession nadir. The unemployment rate has fallen largely because fewer people are looking for jobs.

Some analysts saw the Fed’s upbeat description of the job market as evidence of its desire to retreat, even if it is not prepared to set that in motion yet.

The description “is not true, and we know it, the data has been weakening on this front,” wrote Eric Green, global head of rates research at TD Securities. “One must view the emphasis here as reason to lean against the view that the Fed has gone soft.”

Mr. Green added, however, that he still did not expect the Fed to begin its retreat until March, because its desire remained constrained by the weak economic reality.

Inflation has fallen well below the 2 percent annual pace the Fed has established as its goal. Prices rose in August at an annual pace of 1.2 percent, excluding food and fuel, according to the Fed’s preferred measure, the Commerce Department’s index of personal consumption expenditures.

The statement said persistently low inflation “could pose risks to economic performance,” but reiterated the Fed’s expectation that inflation will rebound to a healthier level.

The combination of persistently high unemployment and low inflation has prompted some Fed officials, and outside critics, to question whether the asset purchases are worthwhile.

“With the benefits of quantitative easing essentially at zero, this equivocating action by the Fed is less about the economy and more about its unwillingness to begin the tapering that everyone knows must begin,” Representative Kevin Brady, a Texas Republican who is chairman of the congressional Joint Economic Committee, said in a statement.

Article source: http://www.nytimes.com/2013/10/31/business/economy/fed-maintains-stimulus-awaiting-sustainable-growth.html?partner=rss&emc=rss

Over: How Outing Lost Its Power to Shock

That was the overall effect of two recent items on Gawker, the gossip site, that revealed that Shepard Smith, the Fox News anchor, had been seen at a Chelsea bar with a date described as “a muscular 6-foot-2 30-something white male.”

It struck some (including the New York Times reporter David Carr, in this week’s Media Equation column) as a textbook case of “outing,” to use the term that emerged in the late ’80s and early ’90s, when gay-rights activists embarked on a controversial push to expose closeted public figures, particularly those seen as homophobic.

But as the puzzled responses from some Gawker readers would suggest, outing seems to have run its course. “I’m wondering why this is even news,” one commenter wrote. “So a news anchor is gay and has a boyfriend and a private life? Color me shocked. What is this, the 1950s?”

At a time when gay people can marry and fly helicopters in the Marines, is it time to consign outing to history, alongside other ’90s crazes like Zima and square-toed shoes?

“The apparent lack of shock waves when celebs are outed these days is a good thing,” said Michael Musto, the Out.com columnist who outed several celebrities in his days with The Village Voice. “It means there are so many out celebs on the landscape that the news about another one doesn’t raise that many eyebrows.”

Wan attitudes like that are a far cry from the fierce debates (both within the gay community and the larger public) during the first Bush presidency, when combative gay groups like Queer Nation outed people it deemed hypocrites; one group, OutPost, blanketed New York with street posters modeled on Absolut vodka ads that read “Absolutely Queer” under the faces of various celebrities.

During that same era, OutWeek, a short-lived but influential gay magazine, became a touchstone of controversy for outing celebrities. For this new breed of gay activist, the ultimate targets were conservative politicians who opposed gay rights.

“There was a sense of urgency around visibility because of the AIDS epidemic,” said Michelangelo Signorile, who wrote OutWeek’s gossip column and was a pioneer of outing. “Gay people were invisible in pop culture, yet some of the most influential people in Hollywood and Washington were gay.” Mr. Signorile now has a radio show on SiriusXM and writes for The Huffington Post, where he argued that Gawker was not “outing” Mr. Smith, but merely reporting on his love life in the same fashion it would for a straight celebrity.

Opponents decried the tactic as a violation of privacy, while others said it smacked of red baiting in the 1950s. And it wasn’t just gay activists pulling the trigger. In 1997, Esquire magazine toyed with rumors that the actor Kevin Spacey was gay in a controversial cover story. (“I mean, my mother KNOWS,” Tom Junod, the author, wrote. “Or thinks she knows. Or supposes. Or suspects. I told her I was writing a story on Kevin Spacey, and she said, ‘Well, I hear he’s gay.’ ”)

“This meanspirited, homophobic, offensive article proves that the legacy of Joseph McCarthy is alive and well,” Mr. Spacey, who denied he was gay, said in a statement at the time.

But the climate for gay acceptance has changed rapidly in the last decade, and the announcement that a public figure is gay barely registers as newsworthy anymore. This is especially true when celebrities come out on their own, as was the case with Jodie Foster’s sort-of coming-out speech at the Golden Globes in January and Anderson Cooper’s email statement to Andrew Sullivan last year. For a younger generation of actors today (Matt Bomer of “White Collar,” Jim Parsons of “The Big Bang Theory”), coming out has become a relative nonevent.

Indeed, it seemed almost retro when The New York Post’s gossip column, Page Six, published a report on Oct. 10 headlined “Viacom Chief’s Ex in Lesbian Affair,” concerning Kathy Freston, the best-selling vegan cookbook author and estranged spouse of the television executive Tom Freston. (In the article, Ms. Freston was quoted as saying that the allegation was “flattering,” but not true.)

It was soon forgotten, and probably would have gotten more pickup if it were a recipe for her seitan sloppy Joes.

Article source: http://www.nytimes.com/2013/10/31/fashion/how-being-outed-as-gay-lost-its-power-to-shock.html?partner=rss&emc=rss

Weak Data Underscores Fed’s Decision

The slowdown in private job growth was the latest signal that the labor market had taken a step back in recent months and the clearest indication yet that a 16-day federal government shutdown weighed on the economy.

The Fed’s policy makers stuck to their monthly $85 billion bond-buying pace at the end of a two-day meeting on Wednesday and said fiscal policy was restraining economic growth.

Employers in the private sector added 130,000 jobs to their payrolls this month, the ADP National Employment Report showed. That was the lowest reading since April and was below economists’ expectations for a gain of 150,000 jobs.

It was the fourth consecutive month that private jobs growth slowed, according to the ADP. “The government shutdown and debt limit brinkmanship hurt the already softening job market in October,” said Mark Zandi, chief economist at Moody’s Analytics, a joint developer of the report.

While the ADP data does not have a good track record of predicting the government’s more comprehensive monthly count of payrolls, it suggested that the October employment report would find weakness as well. The government is scheduled to release that report on Nov. 8. In September, nonfarm payrolls rose 148,000, with the unemployment rate hitting a near-five-year low of 7.2 percent.

But if average monthly jobs growth continued at less than 150,000, where it has been over the last three months, it would be difficult for the unemployment rate to fall further.

In a separate report, the Labor Department said the Consumer Price Index increased 0.2 percent last month as rising energy prices offset an unchanged reading in food costs. The index edged up 0.1 percent in August.

In the 12 months through September, consumer prices increased 1.2 percent, the smallest 12-month gain since April.

Article source: http://www.nytimes.com/2013/10/31/business/economy/lackluster-economic-reports-underscore-feds-stand-pat-decision.html?partner=rss&emc=rss

Philadelphia Inquirer Majority Owners Seek to Buy Out Others

After nearly a month of upheaval at The Philadelphia Inquirer, including the abrupt firing of the paper’s top editor and lawsuits among its owners, the majority owners on Wednesday offered to buy out the minority investors, in what they described as an effort to provide stability to the company.

George E. Norcross III and William P. Hankowsky, both majority owners in the Philadelphia Media Network, which also publishes The Daily News and Philly.com, said they wanted to put an end to the infighting. So they offered to buy out two minority investors, H. F. Lenfest and Lewis Katz, for $29 million, which they asserted was nearly a 12 percent profit in the 18 months since they made the original investment.

Mr. Norcross and Mr. Hankowsky said in a statement that they were prepared to wire the funds within 24 hours after an agreement was reached. “We did not want or initiate the litigation that has created a sideshow that will ultimately waste hundreds of thousands, if not millions, of dollars in legal fees that could be used to further strengthen and build the company,” they said.

Jay Devine, a spokesman representing Mr. Katz, Mr. Lenfest and William K. Marimow, who was the paper’s top editor, declined to comment on the offer.

Mr. Norcross, a Democratic power broker, and Mr. Lenfest, a parking lot magnate, were among a group of local investors who bought the struggling newspaper in April 2012. The investor group then hired back Mr. Marimow, who had previously served as The Inquirer’s top editor from 2006 to 2010.

While there appeared to be conflicts among investors from the start over how to run the paper and its website, these battles culminated in Mr. Marimow’s firing on Oct. 7. Three days later, Mr. Katz and Mr. Lenfest sued, claiming that Mr. Marimow should be reinstated because the firing took place without their consultation. Then Mr. Norcross countersued.

Article source: http://www.nytimes.com/2013/10/31/business/media/philadelphia-inquirer-majority-owners-seek-to-buy-out-others.html?partner=rss&emc=rss

Your Money Adviser: It’s Autumn, Time to Check Flexible Spending Accounts

The accounts, formally known as flexible spending arrangements, or F.S.A.’s, help you save money by letting you defer money pretax to pay for expenses that aren’t covered by your health insurance plan, like co-payments and coinsurance, as well as dental and vision costs.

As of early this year, about 23 percent of people with private health insurance were in a family that had an F.S.A. for medical expenses, according to the Centers for Disease Control and Prevention. That’s up from about 19 percent in 2008.

If you have a medical expense, the funds in a flexible spending account are available to you once the plan year starts; you don’t have to wait until you have accumulated enough to cover a bill.

The catch has been that if you don’t use all the money by the plan’s annual deadline, you forfeit it. On Thursday, the Treasury Department said employers could now allow plan participants to carry over up to $500 of health F.S.A. balances remaining at the end of a plan year. The rollover could begin as early as this year, although employers are not required to go along.

Flexible spending accounts differ in that way — and in others — from health savings accounts, or H.S.A.’s, which let you keep all the money you contribute if you don’t use it. H.S.A.’s can be used only with a high-deductible health plan and can be spent only as you accumulate the funds, not in advance.

Many flexible spending accounts have traditionally had calendar-year deadlines, requiring that the money be spent by Dec. 31. Tax rules have let companies offer an extra two-and-a-half-month grace period after Jan. 1, if they choose, giving employees until March 15 to spend the money. But given the new guidelines, you should check with your human resources office to see whether your company will allow a rollover or will continue to require you to spend the money but with a grace period.

The new rules permit either a rollover or a grace period, but not both.

Jody Dietel, compliance officer with the benefits manager WageWorks, suggests going online to your health benefits site to check your claims history, to see if there are any eligible costs that you haven’t yet submitted for reimbursement.

If you do have a significant amount of money left and need to spend it, consider needs that might be eligible. Vision examinations, contact lenses, maintenance medications, blood pressure monitors and even a good first aid kit can usually qualify.

Keep in mind, however, that F.S.A.’s cannot be used for over-the-counter drugs unless you have a prescription. It may seem odd to ask your doctor for one, but it’s worth it for a product you expect to take routinely — say, cough medicine for colds, or glucosamine for joint health.

Many over-the-counter items, however, don’t require a prescription for reimbursement, she said, including products like sun block and contact lens cleaning solution.

Where can I find a list of items eligible for reimbursement from a flexible spending account?

In general, items that are deductible as medical expenses on your taxes are eligible for F.S.A. reimbursement. You can check Publication 502 from the Internal Revenue Service.

How much can I set aside in my F.S.A.?

The Affordable Care Act set a limit of $2,500 for deferrals in flexible spending accounts. (The limit is indexed to inflation; the government hasn’t yet said what the limit will be for 2014.) That limit is per person; you and your spouse can each set aside $2,500.

Can I use both an F.S.A. and a health savings account?

Yes — but if you have a health savings account, the flexible spending account must be a “limited purpose” version that allows reimbursement only for dental and vision expenses, said Roy Ramthun, an H.S.A. consultant.

Email: yourmoneyadviser@nytimes.com

This article has been revised to reflect the following correction:

Correction: October 30, 2013

An earlier version of this article erroneously included an over-the-counter product among others that are eligible for reimbursement without a prescription using a health care flexible spending account. While purchases of sun block and contact lens cleaning solution are eligible for reimbursement from an F.S.A., diaper cream does not qualify for reimbursement unless it has been prescribed by a doctor.

 

Article source: http://www.nytimes.com/2013/10/29/your-money/an-autumn-check-of-your-flexible-spending-account.html?partner=rss&emc=rss

Your Money Adviser: An Autumn Check of Your Flexible Spending Account

The accounts, formally known as flexible spending arrangements, or F.S.A.’s, help you save money by letting you defer money pretax to pay for expenses that aren’t covered by your health insurance plan, like co-payments and coinsurance, as well as dental and vision costs.

As of early this year, about 23 percent of people with private health insurance were in a family that had an F.S.A. for medical expenses, according to the Centers for Disease Control and Prevention. That’s up from about 19 percent in 2008.

If you have a medical expense, the funds in a flexible spending account are available to you once the plan year starts; you don’t have to wait until you have accumulated enough to cover a bill.

The catch: If you don’t use all the money by the plan’s annual deadline, you forfeit it.

Flexible spending accounts differ in that way — and in others — from health savings accounts, or H.S.A.’s, which let you keep the money you contribute if you don’t use it. H.S.A.’s can be used only with a high-deductible health plan and can be spent only as you accumulate the funds, not in advance.

Many flexible spending accounts have calendar-year deadlines, so you must spend the money by Dec. 31. However, tax rules let companies offer an extra two-and-a-half-month grace period after Jan. 1, if they choose. In that case, there’s no rush because you may have until March 15 to spend the money. So check with your human resources office. “Do you need to panic? Probably not,” said Jody Dietel, compliance officer with the benefits manager WageWorks.

Ms. Dietel suggests going online to your health benefits site to check your claims history, to see if there are any eligible costs that you haven’t yet submitted for reimbursement.

If you do have a significant amount of money left, consider needs that might be eligible. Vision examinations, contact lenses, maintenance medications, blood pressure monitors and even a good first aid kit can usually qualify.

Keep in mind, however, that F.S.A.’s cannot be used for over-the-counter drugs unless you have a prescription. It may seem odd to ask your doctor for one, but it’s worth it for a product you expect to take routinely — say, cough medicine for colds, or glucosamine for joint health.

FSAStore.com, an online retailer that stocks only items that are eligible for flexible-spending reimbursement, lists items that require a prescription and those that don’t. If you choose, you can have the store contact your doctor and seek a prescription on your behalf, said a spokeswoman, Maria Tenaglia; she said the site was successful in obtaining one 85 percent of the time.

Many over-the-counter items, however, don’t require a prescription for reimbursement, she said, including products like sun block and contact lens cleaning solution.

■ Where can I find a list of items eligible for reimbursement from a flexible spending account?

In general, items that are deductible as medical expenses on your taxes are eligible for F.S.A. reimbursement. You can check Publication 502 from the Internal Revenue Service.

 How much can I set aside in my F.S.A.?

The Affordable Care Act set a limit of $2,500 for deferrals in flexible spending accounts. (The limit is indexed to inflation; the government hasn’t yet said what the limit will be for 2014.) But that limit is per person, so you and your spouse can each set aside $2,500.

■ Can I use both an F.S.A. and a health savings account?

Yes — but if you have a health savings account, the flexible spending account must be a “limited purpose” version that allows reimbursement only for dental and vision expenses, said Roy Ramthun, an H.S.A. consultant.

This article has been revised to reflect the following correction:

Correction: October 30, 2013

An earlier version of this article erroneously included an over-the-counter product among others that are eligible for reimbursement without a prescription using a health care flexible spending account. While purchases of sun block and contact lens cleaning solution are eligible for reimbursement from an F.S.A., diaper cream does not qualify for reimbursement unless it has been prescribed by a doctor.

 

Article source: http://www.nytimes.com/2013/10/29/your-money/an-autumn-check-of-your-flexible-spending-account.html?partner=rss&emc=rss