As we approach the end of the year, many of us are rushing to use up our remaining FSA (Flexible Spending Account) or HSA (Health Savings Account) balances. If you’ve been considering hyperbaric oxygen therapy (HBOT) for its wide array of health benefits, now is the perfect time to take advantage of these tax-free funds!

With the open enrollment season upon us, this is also an ideal opportunity to review and adjust your healthcare options for the upcoming year. If you’re looking for a way to maximize your benefits and improve your overall well-being, utilizing your FSA or HSA for HBOT treatments could be a smart move. Here’s why:

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Why Use FSA or HSA for HBOT?

1. It’s Tax-Free Money
Both FSAs and HSAs allow you to set aside pre-tax money for medical expenses. With an FSA, you can contribute up to $3,050 (in 2024) for a year’s worth of healthcare costs. An HSA lets you contribute even more — up to $3,850 for an individual or $7,750 for a family (2024 limits). If you’re already using your FSA or HSA for other treatments, consider diverting some funds towards HBOT before the year ends.

2. Hyperbaric Oxygen Therapy is an Eligible Expense
HBOT is a recognized treatment for a variety of conditions, from chronic pain and sports injuries to autoimmune diseases, neurological conditions, and more. In fact, the IRS allows HBOT to be covered by FSA or HSA funds when prescribed by a doctor for a medical condition. Whether you’re seeking HBOT for recovery, wound healing, or general wellness, you can use these funds to pay for your treatments.

3. “Use It or Lose It” Policy
For most FSA plans, any unused funds expire at the end of the year. This means you could lose any remaining balance if it’s not used by December 31. Don’t let those dollars go to waste! Now’s the time to schedule your HBOT treatments to take full advantage of the money you’ve set aside.

How to Use Your FSA or HSA for HBOT

Step 1: Confirm Your Eligibility
If you have an FSA or HSA through your employer, check with your plan administrator to confirm that HBOT is an eligible treatment under your plan. Most plans do cover HBOT, especially when prescribed by a licensed healthcare provider.

Step 2: Get a Doctor’s Prescription
For FSA or HSA to cover HBOT, you’ll need a prescription from your doctor. This can be for a variety of health conditions such as:

Wound healing and post-surgery recovery
Chronic pain and inflammation
Traumatic brain injury (TBI)
Autoimmune disorders
Sports recovery

If you don’t already have a prescription, no worries — at HyperbaricHealth.io, we have a nurse practitioner on staff who can evaluate your needs and write a prescription for HBOT if appropriate. Just schedule a consultation with our nurse practitioner, and we’ll make sure you have the documentation you need to submit your treatments for FSA/HSA reimbursement.

Step 3: Schedule Your HBOT Sessions
Once you’ve got the green light from your plan administrator and a prescription in hand, it’s time to book your HBOT treatments. Hyperbaric Health offers convenient, effective, and comfortable HBOT services that are eligible for FSA/HSA reimbursement. Our team will work with you to ensure your treatment plan meets your health goals while keeping your insurance in mind.

Step 4: Submit Your Receipt for Reimbursement
When you visit our clinic, simply pay for your treatment upfront, and keep the receipt. Submit the receipt to your FSA or HSA provider for reimbursement. Many FSA/HSA providers offer mobile apps or online portals that make this process seamless.

Open Enrollment: Plan Ahead for Next Year

As open enrollment for health insurance approaches, this is the perfect time to review your options and consider increasing your FSA or HSA contributions for next year. With HBOT becoming more recognized as a powerful treatment for a wide range of health conditions, it’s a smart way to use pre-tax dollars for something that can have a real impact on your health.

If you’re interested in using your FSA or HSA for HBOT treatments in 2024, now is the time to ensure you’re fully prepared. Don’t let the money you’ve set aside go to waste—make the most of your tax-free healthcare dollars and improve your wellness before the year ends!

Take Action Today!

At Hyperbaric Health, we’re here to help you take full advantage of your FSA/HSA benefits and achieve optimal health through hyperbaric oxygen therapy. Whether you’re recovering from an injury, dealing with a chronic condition, or just looking to boost your overall wellness, HBOT is a proven, safe, and effective treatment that can make a real difference.

Don’t wait until it’s too late — schedule your HBOT treatments today and make sure you use up your FSA or HSA funds before they expire. Let us help you invest in your health, while saving you money in the process!

Feel free to call us at 757-770-1005 if you have any questions about using your FSA or HSA for HBOT, or to book your session today!

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