HSA & FSA PAYMENTS
What are FSA & HSA Payments?
Flexible spending accounts (FSA) and health savings accounts (HSA) are both great healthcare plans that reduce an employee’s income tax liability and let them pay for medical and wellness related expenses. FSA and HSA plans are like personal savings accounts. However, the funds in the accounts can only be used for qualifying medical expenses & FROZEN IN TIME CRYOTHERAPY qualifies for those medical expenses!
USE IT or LOSE IT?
FSA funds are use it or lose it, and any unused money left over at the end of the year is no longer yours. Unused funds go to your employer, who can split it among employees in the FSA plan or use it to offset the costs of administering benefits. However, with us you can.
BUY it NOW and USE it LATER?
If your FSA account requires that you use all of your account funds by the end of the calendar year, contact us to find out more details about our prepaid-session packages or gift certificates!
To avoid the rare instance of any challenges to using your HSA or FSA, consider the following:
❄ Check with your insurance carrier to determine if they require documentation for Frozen in Time Cryotherapy treatment eligibility as an expense on your plan. Some insurance companies require a prescription or letter of medical necessity from your doctor.
❄ Check with your tax advisor for any tax deduction questions or concerns as Frozen in Time Cryotherapy does not provide tax advice