A Flexible Spending Account (FSA) is a tax-advantaged plan offered by some employers that lets you pay for many different healthcare services. A set amount is then taken out of each paycheck pre-tax and must be used on healthcare expenses and other qualifying medical-related expenses. Alternative medicine such as chiropractic care is one such service that qualifies for FSA reimbursement. A chiropractic visit, exam, or treatment would then be covered by an FSA as long as it’s considered medically necessary. Let’s take a closer look at using Flexible Spending Funds for Chiropractic services.
What is the difference between a FSA and an HSA?
Health Savings Accounts (HSAs) are similar to Flexible Spending Accounts (FSAs), except unspent funds roll over and accumulate year to year with an HSA. With an FSA, the funds must be spent by the end of the year or they are lost. This is why you want to make sure you don’t have unused FSA funds near the end of the year that are unused.
Chiropractic is a Qualified FSA Expense
Chiropractic fees for yourself, your spouse, or dependents could qualify as an FSA expense if it is medically necessary. Chiropractic is covered by a ‘standard’ FSA and not by a limited-purpose FSA (a limited purpose FSA can only be used for vision and dental expenses). A standard FSA covers all eligible medical expenses, including chiropractic treatments. Visit Healthcare.gov for additional information.
What Chiropractic Services are Covered by an FSA?
A qualified medical expense must be used primarily to alleviate or prevent a physical or mental defect or illness. The chiropractic services covered by FSA’s that are offered at Caspers Chiropractic includee helping with:
– Neck and back pain
– Herniated and bulging discs
– Chronic pain
Make Sure to Use your FSA Monies Before the End of the Year
The end of the year is a great time for people to use any insurance benefits and to use Flexible Spending Account Funds for chiropractic before the new year brings new deductibles. If you are having a change of insurance at the New Year, it is good to verify benefits right away. Chiropractic is the most cost-effective healthcare and we always have affordable plans to help anyone.
Feel your Best with Caspers Chiropractic!
Caspers Chiropractic in Hutchinson and Shakopee will continue to offer Time of Service Discounts and Express Budget Plans to our cash patients and to keep chiropractic care affordable. Do you have questions about using Flexible Spending Account Funds for Chiropractic? You can reach Caspers Chiropractic in Hutchinson at 320-587-2292, or Shakopee at 952-977-9933. You can also click here to schedule an appointment. We’re ready to help! For more health tips and insight, follow the Caspers Facebook page.