Several new laws now in effect

The arrival of 2011 will cost seven million Texas drivers more for insurance.

January 2, 2011 5:48:02 AM PST
The New Year may bring some changes which could impact your spending and savings. Starting today, car insurance rates will go up for about half of insured drivers in Texas who have only liability coverage. The rate hike is between two or three percent.

Most people will likely see the increase the next time coverage is renewed. However, the change means about seven million Texans will now get more coverage.

Until today, flex spending accounts could be used to buy over-the-counter medications. The change is part of the new Healthcare Reform Act.

Now, a doctor's prescription is required to purchase medication with the accounts. While some providers do allow people to roll over funds into this year, the new rule about over-the counter drugs still applies.

Some students will get a tuition break. A new state law waives fees for some firefighters and peace officers taking law enforcement-related classes at public institutions. To be eligible for the tuition and fee exemption, the course must pertain to the major requirements.