A Health Savings Account (HSA) or Flexible Spending Account (FSA) lets you bank your income before taxes—but options for spending can be limited.
Dr. B offers $15 online consultations that include a Letter of Medical Necessity, if appropriate.
With a Letter of Medical Necessity, gym memberships and fitness classes can be paid with HSA or FSA funds.
Complete your consultation with Dr. B right on your phone or computer. No video calls. Simply answer some questions about your health and fitness goals.
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Dr. B offers online consultations for $15, which is less than most copays for a doctor’s visit—and the lowest price amongst telehealth companies.
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Tell us about your medical conditions and wellness goals with a $15 online consultation.
A medical provider will review your information and send a Letter of Medical Necessity, if appropriate.
After your Letter of Medical Necessity hits your inbox, submit it with your fitness expenses to your HSA/FSA provider as a qualified medical expense.
A Letter of Medical Necessity is a document that details why you need a specific product or treatment (like a wheelchair, vitamin supplement or swim therapy) for medical purposes so that expense can be paid for with funds from an HSA (Health Savings Account) or FSA (Flexible Spending Account).
HSA and FSA accounts allow you to set aside pre-tax money you can use to pay for qualified medical expenses. But sometimes, these health care costs might not be automatically recognized as HSA or FSA-qualified expenses that can be reimbursed with those funds. In such cases, a Letter of Medical Necessity provides documentation explaining why that particular expense is medically necessary so that it meets the criteria for reimbursement under HSA or FSA guidelines.
You are eligible if:
Your medical consultation involves a short health assessment about conditions you are working to prevent or reverse. If eligible, you'll receive a Letter of Medical Necessity detailing how the items you’re requesting are HSA or FSA-eligible expenses. (The letter comes a few hours after you’ve completed payment.)
If you have an HSA or FSA account, you can submit this letter to reimburse future gym memberships, fitness classes, personal training or other exercise program fees. To ensure compliance, keep that Letter of Medical Necessity and applicable receipts available for the next three years.
HSA and FSA accounts consist of pre-tax funds, meaning you won’t pay income tax on money you put into those accounts and then use to pay for qualified healthcare expenses.
Using tax-free money from an HSA or FSA account saves you money because you’re not paying tax on income you’ll then use to buy health-related items. This essentially increases your purchasing power for healthcare necessities. Individuals can contribute a maximum of $3,650 annually to their HSA. Most patients save between $1,000 and $2,000, depending on their state and tax bracket. (You can calculate your savings based on those parameters.)
HSA/FSA providers typically approve expenses 7-10 days after you submit your Letter of Medical Necessity and receipts. But reimbursement timelines can vary depending on your particular HSA/FSA administrator.
You don't need to submit any additional IRS tax forms for personal purchases made with FSA funds. (If you use your FSA to pay for the care of a dependent, you’ll have to file Form 2441.)
HSA tax benefits filing involves three IRS tax forms: 1099-SA, 5498-SA and 8889. Form 5498-SA is filed by the provider of your HSA account. During tax season, your provider will send you Form 1099-SA with information you’ll use to complete Form 8889, which you’ll need to submit with your annual tax filings. Make sure to keep copies of all documents you submit. Contact your HSA provider's customer service if you need assistance.