How to get HEM for FREE
H.E.M. is an at home therapy treatment for any new or old ankle injury or chronic pain, and there are a variety of ways to either get the cost fully covered or a big discount. Here’s how…
Option #2 H.E.M. is FSA eligible
If you have a health plan through your job, a Flexible Savings Account (FSA) is another great way to save on medical expenses that are not covered by your insurance plan. It is a special account you put money into and use to pay for out-of-pocket health care costs. You do NOT pay taxes on this money.
All you have to do is submit a claim to the FSA (through your employer) with your H.E.M. receipt and a statement that it has NOT been covered by your plan. You should receive a full reimbursement. (Ask your employer about how to use your specific FSA).
Get H.E.M. at a big discount
If the options above do not apply to you, we still have more options that will give you a BIG discount. Here’s how…
Option #5 H.E.M. is HSA eligible
If you do NOT have a health insurance policy through your job, a Health Savings Account (HSA) is a great tool to use on medical expenses that are not covered by your insurance plan. You can open a new account with most banks and simply pay for out of pocket medical expenses. You can put up to $3400 of income per individual or $6750 of income per family, per year into an HSA account and NOT get taxed on that income.
Here are the main advantages:
- You pay NO taxes on the money you put into your HSA.
- You pay NO taxes on the money you take out of your HSA to pay for eligible health care expenses.
- You earn tax-free interest on the money in your HSA account. You may also have options to invest the money in your account.
- You don’t lose the money in your account at the end of the year. Your HSA balance rolls over and is always yours to spend, save and invest.
- At age 65, you can use your HSA funds for any purpose without a penalty. The money you take out to pay for eligible health care expenses continues to be tax-free.
Yes, H.E.M. Ankle Rehab is HSA eligible, so you can pay for it with the debit card from your HSA account!
Please, speak with a qualified tax professional regarding any tax related questions or concerns.