ONLY A FEW WEEKS LEFT TO "USE-IT-OR-LOSE-IT".

Do you have a Flexible Spending Account (FSA)?

If so, I suggest you check your balance and make sure that you are not going to end up giving away money this year.

As you know, Flexible Spending Accounts are "use-it-or-lose-it" plans. This means that amounts in the account at the end of the plan year cannot be carried over to the next year. However, the plan can provide for a grace period of up to 2 1/2 months after the end of the plan year. If there is a grace period, any qualified medical expenses incurred in that period can be paid from any amounts left in the account at the end of the previous year. YOUR EMPLOYER IS NOT PERMITTED TO REFUND ANY PART OF THE BALANCE TO YOU.

A FSA allows employees to be reimbursed for medical expenses. They are usually funded through voluntary salary reduction agreements with your employer. No employment or federal taxes are deducted from your contribution. The employer may also contribute.


Benefits of a FSA include:

* Contributions made by your employer can be excluded from your gross income.

* No employment or federal income taxes are deducted from the contributions.

* Withdrawals may be tax free if you pay qualified medical expenses - http://www.ezflexplan.com/doc/FSA-Expense-List.pdf

* You can withdraw funds from the account to pay qualified medical expenses even if you have not yet placed the funds in the account.


But there is more. Did you know that some forms of Massage Therapy are reimbursable from your FSA?

However, I'm not talking about massage for relaxation or spa beauty treatments. Only massages that are used to treat a specific injury, trauma, or medical condition are eligible. In many cases, all you will need to do is receive a doctor's statement or prescription documenting your need for such treatment.


RPM Muscular Therapies Clinic LLC is an Atlanta-based soft-tissue rehabilitation facility specializes in Neuromuscular Therapy (NMT). We offer results-oriented, clinical-level bodywork in a relaxation format. We work with other healthcare providers and are credentialed with many health insurance carriers. We also accept all major credit cards; including the FSA debit cards used by many insurance carriers.


For more information about FSAs, please refer to Publication 969 on the IRS website at: http://www.irs.gov/pub/irs-pdf/p969.pdf


Thank you for your time,

Raleigh McKeever LMT, MBA, NMT
AMTA Member | NCBTMB Certified