New patient form
You can now download our new patient form from our website before you come in for your office visit and save time!
MAKING YOUR HEALTH INSURANCE A TRUE BENEFIT
Here’s a common health care problem: you are paying more, getting less, and growing frustrated as your options dwindle. The solution is simple: you must KNOW YOUR OPTIONS (i.e. HSA or FSA?) and KNOW HOW TO LEVERAGE THEM for your benefit. Spend 10 minutes at Scott Chiropractic, and you will understand your options – including which services are covered by your plan, and which are not – and be better prepared to make them work for you.
You must know your options and how to leverage them:
As many families look for ways to put money aside to cover health care expenses, you may not know about TWO GREAT OPTIONS to get you the care you desire and deserve: a Health Savings Account (HSA) or a Flex Spending Account (FSA). These accounts are pre-taxed, cover many kinds of care you need, and can save your family lots of money!
Therapies covered by an HSA and FSA at Scott Chiropractic:
HSA plans also include:
Therapy Packages (including chiropractic, massage and exercise therapy)
WHAT IS A HEALTH SAVINGS ACCOUNT (HSA)?
HSAs enable you to put away tax-deferred money to pay for qualified health care costs. You can find an HSA plan on your own (contact the bank where you have a checking/savings account and ask aboutan HSA account) or through your employer. All contributions to an HSA are tax-deductible. Any earnings in the account are tax deferred and distributions are tax-free as long as they are used to pay qualified medical expenses. To get the most out of an HSA account, it is best to contribute the maximum each year. In 2012 an individual can contribute as much as $3,100. The family contribution limit is $6,250. In addition, the employer’s contribution is not treated as additional income. HSAs continue to grow for the life of the owner and rollover from year to year. These funds can accumulate and compound until they are needed, providing a tax benefit and the potential for long-term growth.
WHAT IS A FLEXIBLE SPENDING ACCOUNT?
FSAs are very similar to HSAs except that an FSA is only provided through your employer and the funds must be used by the end of the year. Key difference between HSAs and FSAs: The primary difference between the two accounts is how long you can hold onto the money inside the account. HSA funds can be kept until retirement, if you choose. FSAs are “use it or lose it” accounts. That means you have to use the funds inside the FSA before the end of the plan coverage period (usually the end of the year). The FSA is a spending account. That indicates that you are expected to spend the money you have in the account within the year it is invested. The HSA is a savings account, meaning you may save that money until you need it, even if you don’t need it until many years later.
WHAT MEDICAL EXPENSES ARE COVERED BY HSA AND FSA?
When you incur a medical or health related expense that is not covered by your insurance, there is a good chance that you can pay for it out of your HSA or FSA. The IRS defines qualified expenses as “the costs of diagnosis, cure, mitigation, treatment or prevention of disease and the costs for the treatments affecting any part or function of the body.”
Traditional health insurance has gatekeepers and top-down controls. Even when chiropractic care is covered (not typical on individual plans), your request for treatment may require an expensive office visit or referral from a family physician. Using a HSA to pay for chiropractic care gives you more choices! You can choose what type of treatment to get, where you will get that treatment, and how many treatments you will receive. You can also spend HSA dollars on preventive care and the government will give you a tax deduction for keeping your family well. So, if you are looking to recover from an injury or maximize your health by utilizing our proven clinical approach to wellness, remember: you don’t need to have health insurance to cover it!
Scott Chiropractic loves to know that you now have the freedom to come as often as you need and get care that will last, as well as the education and therapy needed to sustain your health. You cannot ignore the fact that health insurance is changing. But you can (and should) know your options, know how to make those options work FOR you, and know how save and spend your money wisely.