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METC Rule Changes: Muddying the Waters for Employer Drug Plans
On July 14, 2008, the federal Department of Finance released draft legislative proposals to implement some outstanding tax measures from the 2008 Federal Budget, including clarifying the eligibility of medications for the medical expense tax credit. Unfortunately, the draft legislation considerably complicates matters for employers with private health services plans that cover over-the-counter drugs, especially those covering Quebec residents. While not all such plans cover OTCs, those that do will likely have to follow convoluted new rules to determine whether specific OTCs are eligible for the METC, and can therefore be covered under a PHSP.
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