Health Savings Accounts (HSA)
Although traditional private health insurance and Medicare cannot be used to pay the retainer fee in our direct access practice, a Health Savings Account (HSA) or Flexible Spending Account (FSA) may help lower the cost of our program by using pre-tax dollars. An HSA is a tax-exempt savings account that, when paired with a qualified high-deductible health plan (QHDHP), can be used to pay for certain medical expenses.
Contributions to an HSA are on a pre-tax basis, earnings on these contributions accumulate tax-free, and distributions are not subject to tax if they are used for eligible medical expenses — such as our retainer fee. You should contact your employer’s benefits manager or your accountant to see if this type of plan is available to you. More information can be found on the government web site.