Option #1  Your insurance can reimburse you

Check with your insurance company to see if your policy covers physical therapy (most of them do). If so, your insurance company should reimburse you for the payment to HEM Ankle Rehab. Just fax or email your HEM receipt to your insurance company, and if you qualify, they will mail you a check.

Yes, it’s that easy! Companies like Aflac make it super fast and easy, but any insurance company should be able to reimburse you, assuming your policy covers physical therapy.

Option #2  HEM 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 HEM 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).

Option #3  HEM is HRA eligible

A Health Reimbursement Arrangement (HRA) is an employer-funded account that helps employees pay for qualified medical expenses not covered by their health plans. It’s basically like a healthcare “expense account” funded by your employer.

Simply, use your HRA to pay for HEM  Since, therapy is an HRA eligible expense, you should be covered. Just submit your HEM receipt (ask your employer about how to use your specific FSA).

Get HEM 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 #4  HEM is tax deductible

The Internal Revenue Service Publication 502 specifically says therapy received as medical treatment is a medical expense. Since, HEM Ankle Rehab is therapy for an injured ankle, you can deduct HEM as a medical expense.

Option #5  HEM 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, HEM 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.