Can You Use FSA For Spider Veins?
WouterIf you have a Flexible Spending Account (FSA) or Health Savings Account (HSA), you may be able to get reimbursement for varicose vein treatment. In order to qualify, your FSA or HSA needs to determine that the vein treatment is medically necessary.
In general, any medical treatment that prevents or treats disease, promotes health, or protects against an illness is a reimbursable expense. However, this may not be the case with spider veins.
Most health plans will reimburse patients for the removal of spider veins. These treatments are minimally invasive and can be completed in the doctor’s office. The number of veins treated depends on the patient’s medical condition.
A vein treatment can delay the end of your FSA or HSA for the year. This can help you use your funds more effectively. But, you will want to be aware of your plan’s limitations.
Some FSAs have a “use it or lose it” policy. This means that money left in the account will be forfeited if you do not use it by the end of the claim period. This can make it hard to schedule appointments for varicose vein treatment.
Some FSAs may also allow you to use your pretax income to save for qualified medical expenses. This is helpful if you have an employer who offers a health savings account.
Typically, insurance companies define reimbursable expenses as procedures that treat or prevent diseases. This can include varicose vein treatments. Several methods are used to treat spider veins, including sclerotherapy, compression stockings, and radiofrequency ablation.
