Good News! Now You Can Pay For Workit with Your HSA or FSA
We now accept HSA/FSA payments.
If you have an Health Savings Account (HSA) or an Flexible Spending Account (FSA), you can use it for medical expenses. As we here at Workit believe, healthcare is self-care. Kicking addictive behaviors is the ultimate (and often life-saving) act of self-care. When you kick addiction, you clear the way for a healthier body, mind, heart, and soul.
This is a win on several levels: you save money now, by using an HSA or FSA to pay for your cost-effective Workit program. You save money in the future by kicking addiction to the curb, avoiding potential high healthcare costs from the complications of addiction down the line.
Studies show that individuals struggling with addiction get sick more often, and require more expensive acute care more often. If you’re struggling with self-care, that will affect your healthcare. Workit can help. We’re here to get you centered and steady.
So what’s the deal with these savings accounts? Let’s put them to the best kind of life-changing use:
An HSA is a savings account you can use to put money away, pre-tax, for health costs. HSA funds usually roll over from year to year, and can follow you from your workplace. As with FSA’s, which we’ll get to next, there’s a limit on how much you can contribute each year. Usually, a requirement of having an HSA is having a High Deductible Health Plan.
An FSA is a little different. It’s also a savings plan in which you aren’t taxed for money you put away for medical expenses. But it won’t roll over for you year-to-year, and you can put less money in each year. It is usually offered to someone in a health plan with a lower deductible, and owned by your employer (meaning you can’t take it with you to your next job).
How exactly you spend your Health Savings Account and Flex Savings Account dollars is up to you. They’re often used for the obvious medical costs: copays and prescriptions. But kicking addictive behaviors to the curb can lead to fewer copays down the line, and fewer prescriptions needed in the future.
If you need more information on guidelines for spending your HSA/FSA, there’s a website for that. Check out the IRS guide.