Can your HSA be used for chiropractic care for you or your family?
Yes, your financial investments can contribute directly to your (or your spouse, and eligible dependents) complete wellness, which includes acupuncture and chiropractic care.
You may have opened a health savings account (HSA) or flexible spending account (FSA) when you started your new job or you were directed to do so by your financial advisor. These special savings accounts can help save money for healthcare expenses and save money on your taxes.
Once you’ve contributed money to your health savings account (HSA), you can use it to pay or to be reimbursed for qualified medical expenses for yourself, your spouse, and eligible dependents. The amount you spend will be federal income tax-free.
What does this mean for you and why you should act now?
This means that now is the time to schedule the care you, your spouse, or eligible dependents need. Don’t let your investments and your health care go to waste.
“I found myself denying or just pushing off ailments, but really I was just further damaging and coping with discomfort. By ignoring the issues, I found myself deflecting anger and frustration to those around me. My time with both doctors has really opened my eyes to my total health and well-being. My days as a father, husband, and employee are far more enjoyable,” Dan, 33-years-old.
*Funds left in your FSA at the end of the year will NOT be rolled over and will GO BACK TO YOUR EMPLOYER, making them inaccessible to you. This is where you can cash in on your previous decision to invest in your health, and come to Breath of Life for any chiropractic care you’ve been meaning to take advantage of.
For questions about your health and well-being, call us and we will work with you. For specific questions about your health care plans contact you employer.
Plan for the future, you can schedule out your appointments for you, your spouse, and eligible dependents for the year. Call us today at 417-883-1141 to schedule your appointments.
What are these accounts?
Health Savings Account (HSA):
A health savings account is usually set up through your bank, your healthcare provider, or your employer. Three important factors in being eligible for an HSA are:
- Enrollment in a high-deductible health plan (HDHP)
- NOT being enrolled in Medicare
- NOT being a dependent on another person’s tax return
*Funds left in your HSA at the end of the year will roll over and can be used the following calendar year.
Flexible Spending Accounts (FSA):
A flexible spending account is set up and managed by your employer and does NOT require enrollment in a health plan, making it more accessible to employees.