Health Savings Accounts and Flexible Spending Accounts
Q: What Qualifies under my HSA or FSA benefits?
A: Unfortunately the answer isn’t so black and white
especially for Fitness/Exercise Facilities, Services or Equipment. Would these be considered ‘Weight-Loss
Program’? If so, that designation is
listed under Eligible and Ineligible Medical Expenses. Your doctor likely won’t exactly know and the
service/facility you are participating in might not always know as like health
insurance plans, eligibility may vary.
The IRS provides information on these savings accounts as
well as which Medical Expenses qualify in the IRS Publication 502. You can
reference this publication here: https://www.irs.gov/publications/p502/index.html
Our Recommendation: Along with
referencing the IRS Publication 502, we highly recommend that you also contact
the Customer Service number on the back of your HSA/FSA Benefits card to give
them specific information on the item/program you are inquiring about.