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Sunday
Jan292017

FSA/HSA for Massage Therapy in Indianapolis Indiana

Can I Use My Health Savings Account for Massage?

Tax time will soon be underway and with healthcare costs on the rise you may be looking for ways to many utilize a health savings account (HSA), or flexible savings account (FSA), to defer funds tax-free from your salaries. These monies can be used during the year to pay for a large variety of medical expenses. Everything from deductibles and co-payments to transportation to essential healthcare providers.

As a Certified Massage Therapist I am authorized to accept all HSA/FSA cards. Be sure to check with your plan administrators for clarification of rules for your particular plan.

Is My Therapeutic Massage Eligible?

Yes, but to be considered a qualified medical expense, the IRS regulations state that medical care expenses MUST be primarily to alleviate or prevent a physical or mental ailment. In IRS Publication 502 (see link below), “Therapy” is included as defined for therapy received as medical treatment. Examples of illnesses that could qualify include carpal tunnel syndrome, stress, back pain, arthritis, diabetes, hypertension, fibromyalgia, chronic fatigue, anxiety, depression and pain management.

The first thing you should do is schedule an appointment with your doctor. If you have been suffering from any of the above conditions, including stress, let him or her know that you are participating in a HSA and that you’d like to use some of your funds toward massage for treatment or prevention of your condition.

In order for you prescription to qualify for IRS regulations, your physician will need to provide the following:

1. Why do you need massage therapy? (Example: to relieve back pain, reduce stress/anxiety, prevent carpal tunnel syndrome, etc.)

2. How frequent do you need treatment? (Example: 2 sessions per month)

3. How long should you receive treatment? (Example: 6 months, a year)

After you’ve obtained your prescription, keep it with your tax documents should you ever be asked to verify the expenses. For my clients, it is not necessary that I receive a copy of your script.

Keep in mind, with the implementation of the Affordable Care Act, you can also pay for massages a spouse and even a dependents under the age of 27, if he or she has a qualifying medical condition. To see if you are able to deduct massage therapy from your HSA, contact your physician for more information and a prescription for treatment.

 IRS Regulations on HSAs and more:

http://www.irs.gov/publications/p969/ar02.html#en_US_2011_publink1000204174

 http://www.irs.gov/pub/irs-pdf/p502.pdf

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