Take Control of Your HSA/FSA Reimbursement
Are you aware of which products are eligible for reimbursement?
Blood Pressure Monitors, thermometers, and pulse oximeters qualify for reimbursement through a Flexible Spending Account (FSA) or Health Savings Account (HSA). Additionally, a weight scale can be reimbursed if accompanied by a Letter of Medical Necessity.
How to Get Reimbursed with a FSA (Flexible Spending Account)
Contact your employer for details on using your specific FSA. Generally, to receive reimbursement for eligible purchases, submit a claim along with your receipt to your employer or plan provider. You’ll then receive reimbursement for your expenses. Make sure to track claim submission deadlines to avoid missing out on reimbursements. Maintain organized records of your receipts and necessary paperwork in case your claim is audited.
How to Get Reimbursed with a HSA (Health Savings Account)
To get reimbursed for eligible expenses with an HSA, ensure the expense occurred after your HSA was established. You can reimburse yourself by writing a check from your HSA account or initiating an online check reimbursement or transfer. Understand the annual contribution limits for HSAs, which helps with budgeting and planning. HSA funds grow tax-free, and withdrawals for qualified medical expenses are also tax-free. Save receipts and documentation, even after reimbursement, to support your tax filings.
