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A flexible spending account (FSA) is a tax-advantaged financial account set up through the cafeteria plan of an employer in the United States. An FSA allows an employee to set aside a portion of his or her earnings to pay for qualified expenses as established in the cafeteria plan, most commonly for medical expenses but often for dependent care or other expenses. Money deducted from an employee's pay into an FSA is not subject to payroll taxes, resulting in a substantial payroll tax savings.
Some consumers who are restricted to buying from an eye doctor say they don't like it. "My eye doctor that I've been going to for years recently prescribed Proclear," says Elaine Candiff, a 51-year-old homemaker in Victorville, Calif. "They are giving me good results, but if I had known I could only buy them through an eye-care professional I would have said: Just write a prescription for Acuvue," a common product of Johnson & Johnson's Vistakon, she says.
The "Fairness to Contact Lens Consumers Act" requires eye doctors, at the conclusion of the fitting, to automatically provide each patient with a copy of his or her own contact lens prescription whether or not the patient asks for a copy.
This Act gives contact lenses wearers increased freedom to purchase their contact lenses from retailers other than their eye doctor. The "Fairness to Contact Lens Consumers Act" makes it easier and less expensive for consumers to shop for contact lenses based on price and convenience.