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Flexible Spending & Health Savings Accounts

Flex spending cards/accounts are a fantastic way to save money. Typically, you need to use the money in your account or lose it by year’s end! Good Life accepts FSA/flex spending cards for payment for acupuncture, massage therapy, shiatsu, reiki and more. Acupuncturists are licensed by the Board of Medicine in Massachusetts, same as physicians. Acupuncture sessions are a valid medical expense, along with holistic nutrition, and other therapies at Good Life.

What’s considered a medical expense? According the the IRS website: ’Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes. Medical care expenses must be primarily to alleviate or prevent a physical or mental disability or illness. They don't include expenses that are merely beneficial to general health, such as vitamins or a vacation.’ [Good Life note: the cost of herbs or supplements cannot be paid for by an FSA card.]‘ Medical expenses include the premiums you pay for insurance that covers the expenses of medical care, and the amounts you pay for transportation to get medical care. Medical expenses also include amounts paid for qualified long-term care services and limited amounts paid for any qualified long-term care insurance contract.’

PLEASE feel free to utilize your tax-free dollars via your FSA card at Good Life! Receipts are also available upon request.

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