Health Savings Account (HSA) and Deductibles
Greetings from Dr. Abrams and the staff of Aaaah Wellness and our chiropractic office in East Mesa. As it’s coming to the end of the year, and we spend extra time and money on family and friends and we sometimes forget the importance of self care too. We do not invest as much in ourselves, because it is the season of giving. Although, sacrifice for others is good and sometimes necessary, for instance if you have a family member with medical needs that would come before your desire for a new purse, we sometimes need to use the things in our life to help ourselves. So, this year, as we prepare to take care of ourselves better we encourage you to do the same.
Make the most of your money this holiday season and use your Health Savings Account! Each year companies offer employees ways to pay for the medical expenses before they are taxed on that money. Most companies refer to this as a Health Savings Plan. These plans are set up with a yearly budget where you use your full amount or you lose the money that was there. These funds are set up so that you can use them at a medical facility.
What can I spend my HSA on?
Technically speaking the IRS defines this (Internal Revenue Code Section 213(d). The use of the HSA must be to alleviate or prevent a physical or mental defect or illness, including dental and vision. What this means is that almost everything we have and do here is covered!
- Chiropractic Treatment
- Nutritional Supplements
We have had patients use them at our Mesa chiropractic clinic for nutritional supplements, massage acupuncture, chiropractic and more. We are offer genetic testing with Dr. Harvey Abrams, DC, LAc after he studied at Stanford University. These services can all be paid for with your health savings account or any medical savings plan you have. If needed we can supply letters that clarify why any of these items are medically necessary.
What if I already met my deductible?
Often it is hard to meet one’s deductible, but this time of the year many people find that they have met their deductible and that their medical services are covered by their insurance. If you find you are one of these people, take advantage of the opportunity to get your medical services covered with less expense for you! We find that for ourselves we are able to get extra care we would not normally take the time for during the year, but once we have met our deductible we are able to get care we may have put off. You can also use the HSA for anything which your insurance plan may not cover, but is still considered a medical expense!
What if I have more questions?
The best way to understand your HSA plan is to contact the carrier directly. However, if you want some more information on how you can use your funds at our clinic we have several staff who help patients every day with using their HSA for our services. Come in or give us a call any day Monday through Friday at Aaaaah Wellness in Mesa, Arizona!