Telemedicine is FSA and HSA eligible

Telemedicine services are also less than or equal to the cost of a typical urgent care visit copay!

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Our telemedicine services are FSA and HSA eligible

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), effective January 1, 2020, introduced some important provisions for FSA and HSA users. One of these specific provisions is that health plans can now cover both Covid and non-Covid related telehealth services pre-deductible without impacting HSA eligibility. This provision is currently in place until December 31, 2021.

Physician 360’s telemedicine services and at-home test kits are FSA/HSA eligible* and we currently do accept FSA and HSA payment cards! Eligible services include our COVID-19 testing options, both the Rapid Serology Tests and Rapid Antigen Tests performed at our partner pharmacies. To use your FSA or HSA payment card, check out just as you would normally with any other payment method.

Keep reading to learn more about FSA/HSA eligibility and options, and please contact us with any questions you have!

*Please note, there is no guarantee that your FSA or HSA card will be accepted as these types of cards tend to have varying rules and regulations attached. If you have trouble using your FSA or HSA card on the Physician 360 website or you are unsure about coverage with your FSA or HSA, please check with your card’s bank or your benefits provider.

What is an FSA?

A Flexible Spending Account (FSA) is an account that anyone who is under the age of 65 and employed can use to save on taxes and pay for qualified expenses. Some important things to know about FSAs are that your employer provides and owns the account and only you and your employer can put money into an FSA, with a limit set each year by the IRS. Keep in mind FSAs are a “use it or lose it” account and your employer can keep funds you haven’t used by the end of the year.

You usually sign up for an FSA once a year during open enrollment. This is when you estimate your expenses for the upcoming year, see if your employer is contributing any money to the FSA and then decide on the total amount you want to put in the account.

What is an HSA?

A Health Savings Account (HSA) is a savings account that helps you save and pay for healthcare expenses tax-free. HSAs can help you save for retirement by allowing you to use the funds to pay for general living expenses without penalty and can provide some major tax advantages. In many cases, you can invest a portion of your HSA balance if you maintain a $1,000 balance in your account and the money invested can continue to grow tax-free. An HSA is only available with a health plan that has a high deductible.

A big differentiator between FSAs and HSAs is that your HSA balance rolls over year-to-year and is always yours to spend, save and invest. At age 65, you can use your HSA funds for any purpose without a penalty and the money you take out to pay for eligible healthcare expenses continues to be tax-free.

Understanding FSA and HSA Eligibility

Generally, if a telehealth appointment with a health care provider is replacing an in-person visit, you should be able to pay for it using your tax-free FSA and HSA funds. That being said, telehealth or telemedicine is eligible for reimbursement with your FSA or HSA.

This includes all of Physician 360’s telemedicine consults and at-home kits! To use your FSA or HSA payment card, check out as you would normally with any other payment method. If you run into any issues using your FSA or HSA card on the Physician 360 website, please reach out to your card’s bank or plan’s administrator.

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Questions on what else you can spend your FSA/HSA funds on?

There are thousands of eligible expenses for tax-free purchase with your FSA and HSA funds. Click the options below to familiarize yourself with other common FSA/HSA eligible products and services, according to Connect Your Care!

FSA Eligible Expenses

  • Acupuncture
  • Alcoholism treatment
  • Ambulance
  • Artificial limb
  • Birth control pills
  • Blood pressure monitoring device
  • Breast pumps and related supplies
  • Chiropractic care
  • Contact lenses and related materials
  • Dental treatment
  • Dentures
  • Diagnostic services
  • Drug addiction treatment
  • Eye examination, eye glasses, and reading glasses
  • Family planning items
  • Fertility treatment
  • Flu shot
  • Hearing aids
  • Hospital services
  • Immunization
  • Insulin and diabetic supplies
  • Laboratory fees
  • Laser eye surgery
  • Medical testing devices
  • Menstrual care products
  • Nursing services
  • Obstetrical expenses
  • Orthodontia (not for cosmetic reasons)
  • Over-the-counter (OTC) treatments containing medicine–cold treatments, ointments, pain relievers, stomach remedies, etc.
  • Over-the-counter (OTC) treatments without medicine–bandages, wraps, medical testing devices, etc.
  • Oxygen
  • Physical exam
  • Physical therapy
  • Prescription drugs
  • Psychiatric care
  • Smoking cessation program and medications
  • Surgery
  • Sunscreen & sun block (SPF 15+, broad spectrum)
  • Transportation for medical care
  • Weight loss program necessary to treat a specific medical condition
  • Wheelchair, walkers, crutches, and canes

HSA Eligible Expenses

  • Acupuncture
  • Alcoholism treatment
  • Ambulance
  • Artificial limb
  • Birth control pills
  • Blood pressure monitoring device
  • Breast pumps and related supplies
  • Chiropractic care
  • COBRA premiums (post tax only)
  • Contact lenses and related materials
  • Dental treatment
  • Dentures
  • Diagnostic services
  • Drug addiction treatment
  • Eye examination, eye glasses and reading glasses
  • Family planning items
  • Fertility treatment
  • Flu shot
  • Hearing aids
  • Hospital services
  • Immunization
  • Insulin and diabetic supplies
  • Laboratory fees
  • Laser eye surgery
  • Long-term care premiums or expenses (post tax)
  • Medical testing devices
  • Menstrual care products
  • Nursing services
  • Obstetrical expenses
  • Orthodontia (not for cosmetic reasons)
  • Over-the-counter (OTC) treatments containing medicine– cold treatments, ointments, pain relievers, stomach remedies, etc.
  • Over-the-counter (OTC) treatments without medicine– bandages, wraps, medical testing devices, etc.
  • Oxygen
  • Physical exam
  • Physical therapy
  • Prescription drugs
  • Psychiatric care
  • Retiree (post-65) medical insurance premiums (post tax)
  • Smoking cessation program and medications
  • Surgery
  • Sunscreen & sun block (SPF 15+, broad spectrum)
  • Telehealth services (pre-deductible)
  • Transportation for medical care
  • Weight loss program to necessary to treat a specific medical condition
  • Wheelchair, walkers, crutches and canes

Still have some questions?

Be sure to visit our FAQ page to find the answers to some of our most frequently asked questions. Have a specific question that you don’t see listed? Don’t hesitate to contact us here, or directly send us an email at info@physician360.co!

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