Covering Mental Health Costs: Can I Use My FSA?
Over the course of the pandemic, we’ve all spent a lot of time worrying about our general health — but have we been doing enough to support our mental health? Luckily, tax-advantaged programs like FSAs and HSAs aren’t just good for paying off our deductibles, or getting much-needed flu shots. They can also help to pay for eligible mental health resources, online or otherwise! Here’s what you need to know about how you can spend your FSA dollars to support your mental health: Eligible Costs There are plenty of surprising items eligible for FSA reimbursement — from sunscreen to OTC menstrual products, many of our day-to-day necessities are reimbursable. The same goes with mental health care: there are plenty of practical costs that will be reimbursable, alongside a minor few that are notably not eligible for reimbursement. Some eligible mental health costs include:
· Therapy (online and in person) · Occupational therapy · Some therapy/mental health apps · Acupuncture · Prescriptions · Psychiatric care · Mental Health Counseling · Hypnotherapy
As you can see, there’s quite a variety of care you can use your FSA to fund. It’s important to note, however, that for some of the mental health costs outlined above, your administrator may require a Letter of Medical Necessity, depending on your plan. If you’re not sure whether a letter is required, don’t be afraid to reach out and ask — it’s always better to be safe than sorry!
Most forms of therapy are perfectly eligible for FSA reimbursement. With that in mind, you can’t use your FSA to fund therapy that isn’t required for a medical or mental purpose, unless you have the proper documentation. For instance:
· Marriage Counseling
· Family Counseling
Some apps that aid with mental health (like meditation apps) are also not FSA eligible. But with the world digitizing faster than we can keep up, who knows! Maybe your favorite meditation app will be FSA eligible in a few years.
If you have any questions about educating your employees on the FSA benefits, please email us at firstname.lastname@example.org.