Health Savings Accounts
Jan 16th, 2010 by admin
Saving For Health
Happy 2010! As you create your health goals for this year, don’t forget about your health savings accounts:
Many people have Flexible Spending Accounts and don’t know the details of the program. This program allows employees and employers to contribute money, tax-free, into an account for health care expenses for the designated year. Chiropractic treatments and supplies purchased in the office may be paid with money from these accounts. At the end of the designated year, the unused portion of the money from these accounts is lost. Therefore, it should be carefully considered how much money should be allocated into these accounts…and even more importantly, to actually spend all the money that was allocated. Most companies allow a three-month extension beyond December 31st for their employees to spend money from their 2009 designated amounts. Come use it or lose it!
Wishing you a new year filled with bountiful health,
Dr. Phil Kotzan, DC