We know that NMT is an extra expense, and many people have a hard time justifying it in their budget. Plus, in order to provide the best care, we work outside the traditional insurance model. Because of this, patients often ask questions about payment options for therapy sessions. While we do our best to offer the most affordable monthly plans, we know it can still be a stretch. But, there’s good news! If you have a HSA account (Health Savings Account), you can these funds to pay for your sessions, making it easier to prioritize your health without straining your budget.

What Is A HSA Account?

A Health Savings Account is a tax-advantaged savings account designed to help you pay for qualified medical expenses. HSAs are typically available with employer health care plans and are a valuable tool for managing healthcare costs. Payroll contributions to your HSA are made pre-tax, making it a smart way to save for health-related expenses.

Neuromuscular Therapy Is A Qualifying Expense

Many patients are surprised to learn that they can use their HSA funds to cover the cost of sessions. Generally, various forms of bodywork aimed at relieving pain and tension, improving mobility, and enhancing overall wellness will qualify. Just be sure to keep your receipts, as you may need them for record-keeping purposes.

Your NMT Expenses May Also Be Tax Deductible

If your doctor has prescribed massage therapy as a treatment for a specific medical condition, you may also be eligible for a tax deduction. According to IRS guidelines, medical expenses can be deductible if they exceed 7.5% of your adjusted gross income (AGI) for the tax year. This means that if your medical expenses, including neuromuscular therapy, surpass this threshold, you may be able to deduct the eligible portion on your tax return.

For example, if your AGI is $50,000, any medical expenses exceeding $3,750 (7.5% of $50,000) could potentially be deducted. But, be sure to always consult with a tax professional to ensure you’re complying with IRS requirements and maximizing your deductions.

Your Health Is A Good Investment

Using your HSA to pay for NMT session makes this type of treatment more accessible. Plus, it can help you save money in the long run! If you have a prescription from your doctor, you may even qualify for tax deductions. If you have any questions about using your HSA or the potential for tax deductions, feel free to ask during your next session. Your health is an investment worth making!