one Health savings account Or a flexible savings account can help you pay for qualified medical expenses, but that doesn’t just mean a doctor’s visit or medication. “They are also a powerful way to pay for a large number of modern health technologies and products.” Chris ByrdSenior Vice President of WEX, is a global business platform that manages HSA and FSA.
According to Byrd, the latest research by WEX and VISA found that the flexibility to use HSA funds on eligible expenses is one of the main motivations for people to contribute to HSA. “This trend is changing how employees see their interests because these accounts are not only for emergencies,” Bird explained.
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These are some unexpected health technology products that your flexible or health savings account may cover. Please note that you should check your eligibility in advance and that certain programs may only be eligible according to medical needs, which means you need a letter from your doctor.
1. Massage gun
You may be surprised to find Massage gun like Therabody’s Theraguns Probably FSA- or HSA qualification. From $200 you can also find Two massage guns Aura’s brand care factory from HSA and FSA stores, which is eligible. One was even heated and packed in two packs.
There is another Vibration, heated foam roller and Therabody’s Theracup Used for cupping therapy paired with calories and vibrations.
2. Ula Ring
URA rings can be purchased using FSA or HSA funds.
Ula ring, cnet Favorite smart ring,Now FSA and HSA qualifications. You can place an order through the OURA ring using an FSA or HSA card, or submit a purchase later for reimbursement.
3
Our Best Overall Sleep Tracker It’s Whoop 4.0, we’re recently Reviewed hoop 5.0we love its HealthSpan and hormonal insights. In FSA and HSA stores, your hoop 5.0 purchase Also included Super tie, a 12-month membership, waterproof wireless power pack and lifetime warranty.
4. Smart blood pressure monitor
Blood pressure monitors are available in HSA and FSA stores.
Garmin’s Index BPM Smart Blood Pressure Monitor Available for $200. It has built-in Bluetooth and Wi-Fi that can be connected to your smartphone via the Garmin Connect app.
The cheaper price is $76, and Omron Evolv wireless upper arm blood pressure monitorconnect to smart devices through the app to help you track blood pressure readings.
5. Chest belt heart rate monitor
CNET’s best chest strap heart rate monitor for the best battery life is Garmin HRM-Pro Plus Chest Belt Heart Rate Monitorthis is HSA and FSA qualification. It can be connected to your smartphone, Garmin watch or other compatible fitness device to provide real-time heart rate data.
$50 less, you can get it too Garmin Heart Rate Monitor 200.
6. Light therapy equipment
Your FSA or HSA may be covered with a red light therapy LED mask.
Are you looking for red light therapy? LED mask Such Dr. Dennis Gross Or a group Provided from Revival For your skin care routine, you may be able to use HSA or FSA to cover one.
7. Compression boots
Compressed boots for treatment startups that reduce muscle pain, increase blood flow and promote recovery are also listed on HSA and FSA stores. this Jet prime number It’s $600, Jetboots Pro Plus It’s $1,200, and also has vibration and red light treatment.
But first, make sure your items meet the criteria
Byrd explained that it is important to pay attention to the exquisite prints and requirements of HSA or FSA qualifications. “In a broad sense, qualifications are bound to treat medical conditions,” he said. “If the articles or services are for general health, well-being or cosmetic reasons, they are usually not eligible. Items such as Theragun and Acne masks fall into this category, in which they qualify for the HSA, conditioned on medical needs. In this case, it is usually annotation for medical practitioners, often referred to as letters that are needed in medicine, usually required.”
To ensure that items are HSA-eligible, consult your HSA provider’s online dashboard or application.
What is the difference between HSA and FSA?
“The main difference is that the HSA is a separate account,” Bird said. “It can be set up separately through the employer program or the HSA provider of your choice. It stays in touch with you even if you change jobs, while the FSA is connected with your employer and often has the ‘use-it-it-it-it-lose-it its’ rules at the end of the program year.”
Those attending an HSA must join an HSA-qualified health insurance program, and the FSA works with any group health insurance program.
“The other key difference that people may not realize is that they can invest HSA funds, but they can’t invest FSA funds.” Depending on your provider, you may be able to invest HSA funds in mutual aid or index funds, so your funds can be tax-free over time to get future health care expenses.
