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Much Kneaded

Massage - Nutrition - Martial Arts

Other Health Savings Strategies

Check with your financial advisor and/or employer for the most up-to-date information regarding your eligibility, restrictions and limitations of each type of account.

 

WHAT IS MEDICAL MASSAGE?

 

Medical Massage—Unlike relaxation massage, it is outcome based massage for specific problem(s) the patient presents with.  Outcome goals include but are not limited to reduction of pain, increased rage of motion, regaining normal function.

 

The massage therapist may use a wide variety of techniques (deep tissue, friction, trigger point therapy etcetera) to treat the patient based on the doctor’s recommendation or diagnosis.

1) HSA—Health Savings Account

You can set up this account on your own with your local bank or insurance provider.  Check the internet for offerings and complete details.

 

Funds contributed to this type of health savings account grow tax-free and can be used to pay for current or future eligible health

care expenses. You or any other individual or employer may contribute to this account on your behalf.

 

Unspent dollars in the HSA roll over year after year and can continue to earn interest.

 

Even if you change health plans or retire, the money in the HSA goes with you, in other words, it’s yours for life.

 

 

2) HRA— Health Reimbursement Account

These accounts must be set up by an

employer. Your eligibility is determined by your employer and the employer may restrict the scope of eligible expenses. Only the

employer can contribute to this account type.

Money in this account is not portable but may be rolled over at the employer’s option.

 

 

3) FSA— Flexible Spending Account

Employees contribute tax advantaged payroll dollars through employer's plan. Employers have an option to contribute. Scope of eligibility is decided by the employer.

 

A Health FSA may not be rolled over annually. It is a "use it or lose it" arrangement.

 

A Health FSA is not portable.

 

A variation of the Health FSA is a Dependent Care FSA. This may offered by your employer and may be applied to qualified day care, adult care, and after school care expenses.

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