We’re adding another Very Important Thing to your end-of-year to do list – making sure you spend the money in your FSA account before you lose it. (Hint: you can use your FSA/HSA for an in home massage!)
What’s an FSA?
An FSA is a flexible savings account for health care spending. During the year, you’ll fund your FSA with pre-tax dollars from your paycheck. Your employer may contribute as well. Because it’s tax-free, FSA accounts are great for paying for anticipated health expenses not covered by standard insurance (Lasik, for example.)
But there’s a catch. With most FSA accounts, you’ll need to use the funds in your account by December 31 – or they vanish forever. (Some accounts will allow you to carry over some funds until March 31.)
The IRS has seen fit to raise FSA limits for 2017 to $2600, or about $217 a month.
Use your FSA for a massage
Don’t worry, you still have time to use your FSA account. The FSA monies can be used for a long list of health-related items, from eyeglasses to braces to massage.
That’s right, massage. Your primary physician can prescribe massage for health conditions, including stress, arthritis, back pain, depression, carpal tunnel, diabetes, sports related injuries, and more.
To use your FSA toward a Zeel Massage, visit or call your primary physician and get an assessment for your physical condition. Let her know that you intend to use your FSA account to pay for the, for example, back pain massage service. If your doctor believes that massage would alleviate your current condition, she will write you a prescription for massage, including frequency and duration of the massage.
You’re then cleared to use your FSA to help pay for your Zeel Massages. Make sure to indicate your specific condition in the app while booking. After your massage, save the emailed receipt for reimbursement, and in case the IRS asks for backup.
What about HSA for massages?
Some of you with high deductible insurance plans may have HSA accounts, or health savings accounts. HSA accounts can be used to pay for Zeel Massage just like FSA accounts – you just don’t have a deadline (as HSA funds roll over). Still, why procrastinate? See your doctor to see if medical massage is right for your health condition.
Plan for 2017
Now is the time to set aside your FSA deductions for 2017. One smart healthcare choice is to use FSA to pay for a Zeel Massage membership, Massage Zeelot, which includes an at home massage a month. Learn more about Massage Zeelot or contact firstname.lastname@example.org and we’ll be happy to help.