Are Massage Chairs Pre-Tax Deductible Under FSA or HSA?

Introduction

Are you wondering if you can use your Flexible Spending Account (FSA) or Health Savings Account (HSA) to purchase a massage chair? Understanding the IRS guidelines and qualifying medical expenses can help you determine if massage chairs are pre-tax deductible. In this guide, we’ll explore the eligibility of massage chairs under FSA and HSA, and how you can maximize your benefits.

What Are FSA and HSA?

Flexible Spending Account (FSA)

A FSA is a pre-tax benefit account that allows you to save money on eligible healthcare expenses. You contribute to the account through payroll deductions, and the funds can be used for medical, dental, and vision expenses. For more information, visit the IRS website on FSAs.

Health Savings Account (HSA)

A HSA is a savings account that lets you set aside pre-tax money to pay for qualified medical expenses. HSAs are typically paired with high-deductible health plans (HDHPs). The funds in an HSA rollover year to year if not spent. For more details, refer to the IRS guidelines on HSAs.

IRS Guidelines for Medical Expenses

According to the IRS, eligible medical expenses are those that diagnose, cure, mitigate, treat, or prevent disease, or affect any structure or function of the body. For a massage chair to qualify, it must be deemed medically necessary by a healthcare professional. For a complete list of eligible medical expenses, see the IRS Publication 502.

Are Massage Chairs Eligible for FSA or HSA?

Medical Necessity

To use FSA or HSA funds for a massage chair, you must have a prescription or a Letter of Medical Necessity (LMN) from a licensed healthcare provider. This documentation should state that the massage chair is essential for treating a specific medical condition.

Qualifying Conditions

Conditions that might qualify for a massage chair include chronic back pain, arthritis, sciatica, and other musculoskeletal issues. The healthcare provider must clearly outline how the massage chair will aid in the treatment or management of the condition.

Documentation

Keep all documentation, including the prescription or LMN and receipts, to substantiate your claim. This is crucial for IRS compliance and in case of an audit.

Benefits of Using FSA or HSA for a Massage Chair

Pre-Tax Savings

Using FSA or HSA funds to purchase a medically necessary massage chair allows you to save on taxes, effectively reducing the overall cost.

Improved Health and Wellness

A massage chair can provide significant relief from chronic pain and improve your overall quality of life, making it a valuable investment in your health.

How to Purchase a Massage Chair with FSA or HSA Funds

1. Consult Your Healthcare Provider: Obtain a prescription or LMN stating the medical necessity of a massage chair.
2. Choose a Qualified Massage Chair: Ensure the massage chair meets the criteria outlined by your healthcare provider.
3. Make the Purchase: Use your FSA or HSA card to buy the massage chair. If the vendor does not accept these cards, pay out of pocket and submit a reimbursement claim.
4. Keep Documentation: Retain all receipts and medical documentation to support your purchase in case of an IRS audit.

Conclusion

While massage chairs can be a valuable tool for managing certain medical conditions, their eligibility for FSA or HSA reimbursement depends on medical necessity. By obtaining the required documentation from your healthcare provider, you can take advantage of pre-tax savings and invest in your health and well-being.

Interested in purchasing a medically necessary massage chair? Visit Massage Chairs by Lazeny to explore our range of high-quality massage chairs. Consult with your healthcare provider today to see if you qualify for FSA or HSA reimbursement.