If you have an FSA, here’s how it works: Usually during the fourth quarter of the year your employer conducts open enrollment, during which you plan how much money you will need to set aside for the following year’s medical expenses. When the new year starts, your designated funds are withdrawn from each paycheck in small increments and placed into a special account.
Today, doctors and educated health conscious individuals have come to recognize just how beneficial massage therapy can be for your overall state of mind and physical well being. Physicians are prescribing massage therapy for postoperative recovery, headache relief, and even high blood pressure.
Massage therapy can qualify as a medical expense as long as a physician provides a written prescription. Examples of illnesses that qualify include carpal tunnel syndrome, stress, back pain, arthritis, diabetes, hypertension, fibromyalgia, chronic fatigue, anxiety, depression and pain management.
If you suffer from one of the above conditions, let your doctor know that you have an FSA or HSA and you’d like to use some of your funds toward massage for treatment or prevention of your condition.
Your physician will need to provide three pieces of information on the prescription:
1. Medical necessity: why you need massage therapy (example: to relieve back pain)
2. Frequency: number of sessions per month
3. Duration: length of treatment (example: 12 months)
Once you have the prescription bring a copy in for your file in the office, file the original with your receipts. IRS Section 125 rules. Providing documentation of expenses each time you manually submit claims and also for some debit card payments.
Visa / MasterCard - FSA or HSA cards
Reimbursement: Pay for your massage and turn in your receipt for reimbursement.
**Note that you cannot include gratuity in these payments, they would be a separate transaction.