If you make use of HSA and FSA programs through your work, there is a good likelihood those funds can be applied to your Infinite30 In The Mountains Weight Loss enrollment.
Here’s a brief recap of the roles that Flexible Spending Accounts and Health Savings Accounts can provide as part of your health care coverage.
Flexible Spending Accounts (FSAs) are an employee benefit offered by some companies that allows their personnel to make use of more of their income by spending FSA money on wellness expenses. Employees determine the amount of money they want to allocate to this pre-tax benefit. Then the funds can be utilized throughout the year on health care services such as Infinite30 that qualify for the program.
By spending these dollars before they are taxed, employees literally get more “bang for their buck.” Also referred to as a Flexible Spending Arrangement, FSAs can often be used to pay for qualifying services aren’t covered by a conventional health care program.
No two FSA plans are the same and your actual savings will depend on the amount of money you contribute and the tax structure where you live. It’s definitely worth speaking with the benefits provider or human resources professionals at your place of work, to learn more about your specific FSA benefits program.
If Infinite30 is an eligible wellness provider service in your FSA, speak with your coach or any team member at your Infinite30 weight loss center in Franklin NC and Clayton GA. We’ll be happy to work with you to put this program in effect for you.
Health Savings Accounts (HSAs) are pretty much what they sound like … Consider them a personal savings account tax benefit that is designed specifically for health care payments. By enrolling in a High-Deductible Health Plan (HDHP) folks are able to put the tax advantage benefits of HSAs to, work.
All contributions to an individual’s HSA account are tax deductible at the federal level and in most states. The funds that are deposited are also tax-free in most cases and can be withdrawn at any time without being taxed, in order to pay for health & wellness expenses. As an added benefit, any funds that aren’t spent in a specific calendar year can be rolled over to future years, without any tax implications. Although the funds are customarily deposited through an employer payroll deduction process, HSA accounts are not tied to any one job. They are independently funded, much like a typical savings account.
Many individuals find HSA benefits to be an effective way to cover their out-of-pocket expenses for a wide range of health & wellness services, such as Infinite30. Your benefits and human resources expenses at work should be able to provide you with more specific information about HSAs. This will help you make an informed decision about how to best put this benefits program to use. Your coach or any team member at your Infinite30 weight loss center in Franklin, NC can help you make arrangements to use HSA funds for your Infinite30 Weight Loss program.
Please call Infinite30 In The Mountains at 828-371-2359, email us, or fill out our online contact form below. We’ll be happy to answer your questions and schedule an appointment with you at our Franklin, NC weight loss center.