Use FSA and HSA to Pay for Massage
What are these?
FSA and HSA are both savings accounts you can put your money into tax free, that can be used for healthcare costs such as prescriptions, deductibles, copayments, and massage!
HSAs are often compared to Flexible Spending Accounts (FSAs), but there are some key differences:
Sponsorship: FSAs are employer-sponsored plans, while HSAs are generally offered with a High Deductible Health Plan (HDHP) and are generally sponsored by banks, credit unions, and other financial institutions.
Portability: FSAs are not portable if you change jobs, while HSAs are.
Contribution amounts: FSA contribution amounts are fixed, while HSA contribution amounts can be flexible.
Rollover: Unused funds in an FSA during a tax year cannot be rolled over and are forfeited at the end of the year
Using an HSA or FSA can be a great strategy for saving money on taxes, especially when the funds are used for something you were going to purchase anyways!
Paying for massages with your HSA or FSA.
Massage Therapists are health care providers in Wisconsin, therefore making them a qualified health care expense. Depending on the rules of your specific plan they may require a prescription or a Letter of Medical Necessity (LMN) from your primary care doctor. A healthcare provider can often write a prescription for massage without requiring an in-person visit.
A Better Body’s massage therapists are all licensed, insured and equipped to provide a therapeutic massage to help with conditions like;
Migraines & Headaches
Back pain
Neck & shoulder pain
Fibromyalgia
Arthritis pain management
Edema
Post surgical recovery
TMJ
Carpal tunnel syndrome
Frozen shoulder
Thoracic outlet syndrome
Sports injuries
Any condition causing limited range of motion
Massage therapy can help alleviate symptoms associated with these issues by improving blood circulation, releasing muscle tension, increasing lymph flow and speeding recovery time.
Clients can pay for our massage services using their FSA or HSA debit card and your provider can send you a receipt if you need it.
Remember, if you have a Flexible Spending Account (FSA) through your employer. Your funds will not likely roll over at the end of the year, so use up the funds on an extra massage! Feel free to email us with any questions.
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