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Do you have a Health Savings Account (HSA) or a Flexible Spending Account (FSA)?  You May use it at our office to pay for your chiropractic Care!

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Flexible Spending Accounts or FSA are tax-advantaged benefit programs that allow employees to use pre-tax money to pay for eligible healthcare expenses.  Chiropractic is an eligible healthcare expense!  You can include chiropractic fees you paid for yourself, as well as for  your spouse or your dependent either when the services were provided or when you paid for them.

Health Savings Accounts  or HSA are similar to a FSA except unspent funds roll over and accumulate year to year. 

Chiropractic treatment at our office  is covered by a ‘standard’ FSA and not by a limited purpose FSA. A standard FSA covers all eligible medical expenses, including chiropractic treatments. A limited purpose FSA can only be used for vision and dental expenses. Flexible spending accounts are used just like any standard debit or credit card. Just present your flexible spending card at time of treatment and you will be able to use your pre-tax money to pay for your visit. In the case that you are asked to turn in additional documentation by your flexible spending account we can provide you with a reciept!

A ruling issued by the IRS (in Oct. 2013) amends the “Use-or-Lose” ruling, and now allows up to $500 in unused funds to be rolled over and used in the following plan year. Plans that have a grace period option give employees a two-and-a-half month extension to spend remaining FSA funds for a limited time after January. FSAs cannot have both a carryover and a grace period option (it’s one or the other), and employers are not obligated to offer either extension. Talk to your employer, human resources manager or benefits manager about the specifics of your FSA plan.  For additional information, contact your financial adviser or visit the Internal Revenue Service at IRS.gov.