HSA/FSA Payments
for Sound Therapy

 

HSA/FSA

Thanks for taking a few minutes to see how you can use your HSA/FSA card. If you have any questions or need more information from us, please don’t hesitate to email us!

In general, eligible services are those that are used primarily to diagnose, prevent, treat or mitigate a physical or mental defect or illness. Services provided for cosmetic reasons and those that are merely beneficial to one’s general health are not considered expenses for medical care. ( Source: HERE)

Here is what we need in order to take HSA/FSA payments:

There are certain itemized deductions for medical and dental expenses that you claim on Schedule A (Form 1040). Below you will find a list of symptoms and conditions SoundEmbrace can support you in. This will need to to report the deduction on your tax return.


What Are Medical Expenses?

Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and for the purpose of affecting any part or function of the body. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes.

Medical care expenses must be primarily to alleviate or prevent a physical or mental disability or illness. They don't include expenses that are merely beneficial to general health, such as vitamins or a vacation.

Medical expenses include the premiums you pay for insurance that covers the expenses of medical care, and the amounts you pay for transportation to get medical care. Medical expenses also include amounts paid for qualified long-term care services and limited amounts paid for any qualified long-term care insurance contract.

Therapy

You can include in medical expenses amounts you pay for therapy received as medical treatment.

Acupuncture

You can include in medical expenses the amount you pay for acupuncture.

Chiropractor

You can include in medical expenses fees you pay to a chiropractor for medical care.

Christian Science Practitioner

You can include in medical expenses fees you pay to Christian Science practitioners for medical care.

Health Institute

You can include in medical expenses fees you pay for treatment at a health institute only if the treatment is prescribed by a physician and the physician issues a statement that the treatment is necessary to alleviate a physical or mental disability or illness of the individual receiving the treatment.

Qualifying Relative
A qualifying relative is a person:

  1. Who is your:

    1. Son, daughter, stepchild, or foster child, or a descendant of any of them (for example, your grandchild),

    2. Brother, sister, half brother, half sister, or a son or daughter of any of them,

    3. Father, mother, or an ancestor or sibling of either of them (for example, your grandmother, grandfather, aunt, or uncle),

    4. Stepbrother, stepsister, stepfather, stepmother, son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law, or

    5. Any other person (other than your spouse) who lived with you all year as a member of your household if your relationship didn't violate local law,

  2. Who wasn't a qualifying child (see Qualifying Child, earlier) of any taxpayer for 2018, and

  3. For whom you provided over half of the support in 2018. But see Child of divorced or separated parents , earlier, Support claimed under a multiple support agreement next, and Kidnapped child under Qualifying Relative in Pub. 501, Dependents, Standard Deduction, and Filing Information.

Five Basic Questions to Ensure Your Receipt Is Accepted:

(Source : HERE)

  1. Who is the expense for? The receipt should indicate who received the eligible service/item.

  2. Where was the service provided? This is used to confirm that services were provided through a licensed practitioner or facility.

  3. What service/item was provided? This indicates what services or items are being provided. This is reviewed against IRS eligibility information to ensure the service is eligible. With certain expenses, you may be asked to provide a letter of medical necessity to confirm its eligibility.

  4. When did the service take place? The date of service is used to determine what plan year the expense may apply against. Your employer determines the specific dates that the services must be provided and the cut-off for submitting expense for reimbursement.

  5. How much is the service/item? This is the amount you were responsible for. In some cases, this amount may vary from the amount that was used on your benefits card.