Are Hearing Aids FSA/HSA Eligible?

Are Hearing Aids FSA/HSA Eligible?

Hearing aids are eligible for reimbursement with FSA and HSA funds. The IRS determines which hearing aid expenses qualify for FSA and HSA reimbursement. You can view Publication 969 on the IRS website for more information:

What are Flexible Spending and Health Savings Accounts?

Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs) enable you to set aside pre-tax money, sometimes directly from your paycheck, to pay for eligible medical expenses.

HSA accounts roll over into the following year. But if you’re planning on using FSA funds, remember that you need to make your purchase by December 31st to be eligible to use your account. 

Be sure to check how your FSA or HSA card works so that you know whether you should spend your funds before the end of the year. 

How Can I Use My FSA/HSA Account to Buy Hearing Aids?

If you have one of these accounts already set up, hearing aids are reimbursed in the same way as any other covered medical expense, such as eyeglasses or dental work. If you have an FSA/HSA credit card or debit card, you would pay for the hearing aids with that credit card.

If you don’t have access to a FSA/HSA credit or debit card, you can submit receipts from your purchases to your insurance company or employer for reimbursement from your account.

What Documentation or Receipts Are Needed To Prove Eligibility For Reimbursement?

The documentation and criteria for proving the eligibility of hearing aids for reimbursement through FSA/HSA can vary depending on the specific plan and guidelines set by your employer or the financial institution managing your FSA/HSA. However, here are some common guidelines:

  • Medical Necessity : Typically, hearing aids must be considered medically necessary to be eligible for reimbursement. This often requires a medical diagnosis of hearing loss from a qualified healthcare provider, such as an audiologist or an ear, nose, and throat specialist. A prescription might also be necessary.
  • Itemized Receipt : You will usually need an itemized receipt or invoice from the hearing healthcare provider or retailer where you purchased the hearing aids. The receipt should include details such as the cost of the hearing aids, the date of purchase, and a clear description of the items.
  • Letter of Medical Necessity : Some FSA and HSA plans require a Letter of Medical Necessity (LMN) from your healthcare provider. This letter should explain the medical condition, the necessity of hearing aids as part of the treatment, and any specific recommendations regarding the type of hearing aids needed.
  • Proof of Payment : You might need to provide proof of payment, such as a credit card statement or canceled check, to show that you used your FSA or HSA funds for the hearing aids.

It’s important to check your specific FSA or HSA plan documents and guidelines, as requirements can vary. Your plan administrator or employer can provide information on what is needed for reimbursement.