Are cold plunges HSA eligible?
Asked by: Alda Satterfield | Last update: February 25, 2025Score: 4.6/5 (2 votes)
How to get a letter of medical necessity for a cold plunge?
Here's How It Works:
Once approved, complete the purchase of your cold plunge or sauna. On the Order Confirmation page, submit the TrueMed application to receive a Letter of Medical Necessity (LMN). Use your LMN for easy reimbursement from your HSA/FSA program for your cold plunge and sauna purchase.
Can you use your HSA for cryotherapy?
Is Cryotherapy a Qualified Medical Expense? The short answer is yes - we take HSA/FSA payments at Ultra Cryo & Recovery. The long answer is navigating the eligibility criteria for utilizing your HSA or FSA benefits for cryotherapy involves understanding the IRS's definition of "qualified medical expenses."
Can I use my HSA for float therapy?
To use your HSA or FSA for floatation therapy, it must be deemed medically necessary by a healthcare provider. This usually requires a doctor's note or prescription stating that floatation therapy is a recommended treatment for a specific condition, such as: Chronic pain. Stress-related disorders.
Can you use HSA to pay for cold medicine?
Effective January 1, 2020, OTC medications such as Mucinex, Sudafed, and Tylenol Cold + Flu are all HSA-eligible without a prescription.
How To Make a Cold Plunge or Ice Bath Health Savings Account Eligible: Save 40% on Your Tub!
Can I use HSA for gym membership?
Gym memberships. While some companies and private insurers may offer discounts on gym memberships, you generally can't use your FSA or HSA account to pay for gym or health club memberships. An exception to that rule would be if your doctor deems fitness medically necessary for your recovery or treatment.
What happens if I accidentally used my HSA card for groceries?
You can repay the incorrect distribution before filing your federal taxes for that tax year. However, if you do not correct the mistake, the unqualified amount will be subject to income tax, and you may also face an additional 20% tax penalty.
Is cold plunge FSA eligible?
Cold Plunge Tub
Dive into the therapeutic benefits of a cold plunge tub, an FSA-eligible item that brings the invigorating and powerful experience of cold immersion therapy to your home.
Is a Waterpik HSA eligible?
Waterpiks are eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), health reimbursement accounts (HRA) and limited-purpose flexible spending accounts with a Letter of Medical Necessity (LMN).
Can I use my HSA for lymphatic drainage massage?
Lymphatic drainage massage, which helps circulate lymphatic fluid and reduce swelling, may be eligible for HSA or FSA reimbursement with a Letter of Medical Necessity. Whether it's post-surgery recovery or managing lymphedema, this gentle therapy can provide significant relief and support overall wellness.
Can HSA pay for coolsculpting?
Coolsculpting, or cryolipolysis, is a cosmetic procedure and therefore not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA).
Are vitamins HSA eligible?
In general, vitamins are not considered an HSA eligible expense unless they are prescribed by a doctor for a specific medical condition. For example, if your doctor prescribes prenatal vitamins during pregnancy or recommends vitamin D supplements to treat a deficiency, those could be eligible expenses under your HSA.
Can I use HSA to pay for massage therapy?
Massage Therapy: HSA Eligibility
Massage Therapy may be eligible for reimbursement with a Letter of Medical Necessity (LMN) with flexible spending accounts (FSA), health savings accounts (HSA) and health reimbursement arrangements (HRA).
Are ice baths covered by HSA?
Yes, cold plunges and ice baths can be HSA/FSA eligible, but there's a specific process to follow. Cold plunges are recognized for their therapeutic benefits, including enhanced muscle recovery, reduced inflammation, and boosted immune function.
How to get a letter of medical necessity for HSA?
Consult with your healthcare provider and share your condition, diagnosis and any relevant medical history. Ask your healthcare provider to issue a letter of medical necessity for the treatment or service you're seeking. Check the letter for accuracy and completeness, making sure it aligns with your specific needs.
How to get LMN for cold plunge?
Requirement for a Letter of Medical Necessity (LMN)
A doctor must write this letter. It should say why you need cold therapy for your health. The letter must discuss your medical condition and how a cold plunge helps. TrueMed forms help with reimbursement after buying a cold plunge or sauna with these accounts.
Are power toothbrushes HSA eligible?
Routine electric toothbrushes for general oral hygiene are usually not eligible.
Is sunscreen HSA eligible?
Sunscreen for adults and for kids is eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA) under certain conditions. Only sunscreens with SPF 15+ and "broad spectrum" protection are eligible.
Can I use my HSA for mouthwash?
Brush-Up on FSAs and HSAs
However, current law does not recognize certain oral healthcare products — such as manual toothbrushes, electric toothbrushes, water flossers, mouthwash, or OTC anti-cavity toothpaste — as “qualified medical expenses.”
Can you write off a cold plunge?
However, using the hot tub for medical treatment is considered a medical expense, which may provide broader deductions. The same considerations apply to saunas and cold plunge pools. For example, a sauna might improve your home's resale value, but only the medical use portion of its cost would qualify as a deduction.
Will HSA pay for sauna?
Since saunas, ice bath tubs, and other wellness products are now considered very beneficial tools for mental and physical health, FSA and HSA cards are now being accepted as health and medical expenses as long as they are accompanied by a LMN.
Who should avoid cold plunge?
Powell, a vascular surgeon, says cold plunging is safe if you're reasonably fit and have no history of arrhythmias, high blood pressure, diabetes, poor circulation or heart problems. He also advises that anyone with Raynaud's phenomenon, which causes decreased blood flow to the fingers, avoid cold plunging.
How does IRS know what you spend HSA on?
Verification of expenses is not required for HSAs. However, total withdrawals from your HSA are reported to the IRS on Form 1099-SA. You are responsible for reporting qualified and non-qualified withdrawals when completing your taxes.
Can I buy deodorant with HSA?
Deodorant reimbursement is not eligible with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA).
What is HSA receipt loophole?
The Adult Child HSA Family Contribution Loophole
That's why you can do things like save receipts for decades and then pull the money out of the account. That's why you can use it as a stealth IRA by investing in it for decades and then pulling it out after age 65 penalty-free and buying a sailboat with it.