Understanding Your Health Insurance Benefits Coverage and Health Spending Accounts
HEALTH SPENDING ACCOUNTS
A health savings account (HSA), health reimbursement account or arrangement (HRA) and flexible spending account or arrangement (FSA) are accounts used to save on taxes and pay for qualified chiropractic, therapeutic massage, medical, prescription (including prescribed vitamins & supplements), dental and vision expenses.
Chiropractic treatment reimbursement is eligible with a standard FSA, HSA or HRA but NOT with a “limited purpose” FSA. The limited purpose FSA is only for dental and vision expenses.
The different non-covered services, therapies and modalities offered in our center including but not limited to therapeutic massage and cold laser therapy are eligible for reimbursement if medically necessary with a FSA and HSA but NOT with HRA. Therapeutic massage is reimbursable with a HSA or FSA when determined to be medically necessary and with a referral from Dr. Yeager or your Physician.
Vitamins and supplements offered at our office are eligible for reimbursement with a health savings account (HSA) or flexible spending account or arrangement (FSA) when medically necessary. They are typically not reimbursable through a HRA.
Yes. All blood, stool and urine testing offered at our office are eligible for reimbursement with a health savings account (HSA) or flexible spending account or arrangement (FSA) when medically necessary. They are typically not reimbursable through a HRA.
Yes. You can use funds in your HSA, FSA or HRA to pay for eligible expenses for you, your spouse and your dependents. However, depending on the HRA, the dependent may need to be covered by health insurance or individual health insurance.
Your HSA and FSA is used just like any standard debit or credit card. Present your HSA or FSA card at time of purchase and you will be able to use your pre-tax money to pay for your visit. In the case you are asked to turn in additional documentation, receipts or a letter of medical necessity by the bank managing your account, simply contact us and we will be happy to provide the documents and receipts you require.
For additional information regarding health spending accounts, visit the Internal Revenue Service at IRS.gov or contact your employer’s human resource department.
The information on this page is intended for informational purposes only, does not purport to be complete and does not constitute tax, legal or accounting advice. Yeager Chiropractic and Wellness is not offering tax, legal or accounting advice. Anyone interested in the topics presented on this page should seek advice from his or her own independent professional advisor.