What is a FSA or HSA?
An FSA is a flexible savings account.use An HSA is a Health Savings Acccount. These accounts are used for health care spending. With these accounts, your employer will set some of your pre-tax dollars during the year from your paycheck to fund your FSA or HSA. Many times, your employer will contribute to this fund also. FSA accounts are great for paying for anticipated health expenses not covered by standard insurance (a Lasik eye surgery, for example.)
In 2017, the IRS raised the employee contributions of FSA limits to $2600, This allowed a higher monthly contribution of about $217. This means you can utilize more of your pre-tax money towards your healthcare expense.
One caveat, for most FSA accounts, the employee will need to use these funds by the end of the year, December 31st. If not, those funds will be lost. Each FSA or HSA is different, so please check with your HR.
Can I use my FSA for a massage?
FSA money can be used for a long list of health-related items, from eyeglasses and braces to massage.
Your chiropractor or medical doctor can prescribe massage for various health conditions, including muscle tension, arthritis, neck and back pain, carpal tunnel, shoulder conditions, diabetes (lymphatic flow), and sports-related injuries.
To use your FSA towards a massage, have our chiropractor or your primary physician give you an evaluation of your physical condition. If your doctor understands that it is a medical necessity and that massage would benefit your condition, they will give you a prescription for massage.
This will allow you to utilize your FSA to help pay for your massages at Back To Wellness.
Plan for 2020
Now is a good time to start setting money aside in your FSA/HSA account. You will reduce your overall healthcare spendings, and you will ensure wellness throughout the year. Learn more about our massage packages by contacting us through our online contact page.