Can You Use Your Health Savings Account?
Here at Lice Lifters DFW, we get questions from time to time about whether Dallas & Fort Worth lice treatment is a Health Savings Account (HSA) or Flexible Spending Account (FSA) approved expense. The truth? It’s a gray area – a big one. Read on to learn more about the exciting world of HSAs and FSAs (read tongue in cheek), and lice and nit removal.
First off, what are HSAs and FSAs? If your family is enrolled in a high-deductible health insurance plan, you can take advantage of the tax benefits of an HSA, while the FSA is available only for those with employer-sponsored health plans. Both are savings accounts that afford tax advantages for approved medical expenses. Approved healthcare expenses can run the gamut – from acupuncture to x-ray.
So is lice removal an approved expense? Possibly. HSA and FSA holders have met with different levels of success in this realm. Many plans will reimburse head lice treatment expenses after you pay for the service and submit an itemized receipt. Some may require a physician’s note recommending lice removal. Contact your plan administrator for clarification – should your insurance company give you the go ahead, we are able to accept most HSA and FSA credit cards for treatments. Again, please check with your insurance before hand or give us a call at Lice Lifters DFW.
If your HSA or FSA does not cover lice treatment, the service may still be deductible on your family’s tax return – your tax consultant can offer details. In addition, a limited number of health insurance policies may cover head lice removal, so it never hurts to call your insurer and ask.
We love being experts in our field – lice and nit elimination may not be glamorous, but the gratitude our clients show makes it all worth it. That said, we hope you’ll defer to the experts at your health insurance company for sound advice as to whether lice removal expenses are an approved expense under your HSA or FSA plan. For pro advice about safe, natural treatment for head lice elimination, look to Lice Lifters DFW – call 972-805-1308 or contact me at [email protected].