Use your HSA or FSA to pay for your Fertility Cloud treatment.
Fertility treatment may be expensive. One way to get ahead of the financial burden is to make sure you’re taking full advantage of your Health Savings Account (HSA) or Flexible Spending Account (FSA).
HSAs and FSAs are handy accounts that you contribute to, tax-free, to save up for healthcare costs. Understanding how these accounts work can help you plan, save money, and make the best decisions you can for yourself and your family.
❓How do you qualify for an HSA?
You must have a high-deductible health plan. A high-deductible health plan for 2020 is any plan with a deductible of at least $1,400 for an individual or $2,800 for a family.
Not all plans with deductibles over these limits qualify for HSAs, so it’s important to check with the insurance company before you make any decisions.
Your high-deductible health plan must serve as your only medical insurance plan, and you must not qualify for Medicare, Medicaid, or be claimed as a dependent on someone else’s tax return.
❓How do you qualify for an FSA?
FSAs are available only as part of a benefits package from an employer, not if you’re on your own — but the medical expenses you can use them for are the same as with HSAs. There are no eligibility requirements for an FSA beyond being employed, but self-employed folks and freelancers don’t have the option to set up an FSA.
❓What can I use my HSA or FSA with Fertility Cloud?
In most cases these funds can be used to pay for:
- Doctor consultation
- Medical labs
- Prescription drugs
So you can pay for Fertility Cloud treatment 100% out of your FSA or HSA funds.
You should investigate the details of these with your insurance company
✅ Start your journey
Qualify for medical treatment with Fertility Cloud (we determine your ability to undergo treatment with us with four screening questions), then you have a good probability of conception within six months of treatment. Good Luck!
✅ Ask your questions
We want to hear from you, please send us your questions. Our mission is to provide timely and accurate answers on your fertility journey. It’s free and believe us – we truly will be happy to hear from you.