Ah yes, it’s that time of year again. The trees are bare, the holiday tunes are playing and your HSA/FSA funds are about to expire. With so much going on around the holiday season many people can forget that they have stowed away money that needs to be spent.
Fear not, we are here to help walk you through all of the services that you can purchase to ensure your money is being put to good use.
But first, let’s start with the basics.
what is an hsa/fsa fund?
Health Savings Account:
A Health Savings Account, or HSA, is a type of savings account that lets you set aside money on a pre-tax basis for qualified medical expenses. By using these untaxed dollars to pay for health expenses, you may be able to lower your overall health care costs.
You may only contribute to your HSA if you are part of a High Deductible Health Plan (HDHP). These funds are more flexible and do not expire once the new year rolls around.
Flexible Spending Account:
A Flexible Spending Account, or FSA , is a little different. This is still a savings account that you put money into to pay for out of pocket health expenses. You still do not pay taxes on this money. Your employer may contribute to your FSA, but they are not required to.
With an FSA, you will submit a claim to the FSA through your employer with proof of medical expenses and a statement that it has not been covered by your plan. You will then get reimbursed for your costs. Your FSA plan will be specific to your company.
The main consideration with an FSA is that you will have to use it within the plan year. If you don’t, those are funds that are lost.
how can I spend my hsa/fsa fund?
Great question! You can use your HSA and FSA on health care expenses such as: copays and deductibles (typically not for insurance premiums). Coverage can also include: certain medication, menstruation supplies, certain shampoos, bandaids, sunscreen, prescription reading glasses. The list goes on!
However, it does not stop at just medical supplies or copays. You can also use these funds for certain out of pocket packages through providers that your insurance may not cover.
does NourishRX accept hsa/fsa funds?
Yes, we do! Here are NourishRX you will be able to use your HSA or FSA for multiple different services.
wait, what?! NourishRX does more than just 1:1 nutrition counseling?
You are correct! Here at NourishRX, it is our passion to help guide you through your journey with your relationship with food. However, we recognize that not every client has the same needs. So we have created a few packages to help either get you started or be an added component to your treatment.
This 3-month membership gives you access to dozens of resources from handouts, to books to podcasts that helps walk you through eating disorder recovery. The PATH aims to meet you wherever you are at in your recovery process and is an amazing addition to your 1:1 nutrition counseling sessions.
This monthly membership gives you access to an online movement platform with exercise videos that are HAES aligned and safe for those in eating disorder recovery.
This package is to help supplement your guided work with your dietitian and treatment team. These sessions could include: meal time exposures, grocery store preparation, and any “real life” stuck points. Your recovery coach will help you with the “in the moment” stuck points.
This package is for those just starting their Intuitive Eating journey and wanting to learn the language and lay some solid foundation.
For parents who may be feeling overwhelmed with starting the recovery process with their child.
For the busy human you might be who wants some structure to the week without the obsession that diet culture brings.
And…. it is ALL covered by your HSA/FSA funds.
With the new year upon us - do not delay! Ensure you are spending your HSA/FSA funds supporting your individual needs.