DISCLAIMER: Any bookkeeping, business or tax article contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor can it be used to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.

Avoid Misinformation About Tax-Favored Health Accounts

Avoid Misinformation About Tax-Favored Health Accounts

Do you have a health Flexible Spending Account, Health Savings Account, or similar plan through your employer? Avoid misinformation about tax-favored health accounts that could lead to serious mistakes.

Nonmedical nutrition, wellness, and exercise expenses that aren’t explicitly related to a medical diagnosis or treatment aren’t reimbursable under these plans. But that hasn’t stopped certain bad actors from offering to provide a “doctor’s note” (for a price) that they claim would authorize health reimbursement plans to accept ineligible expenses, such as for nonmedical food that doesn’t satisfy normal nutritional needs.

Review the IRS’s related FAQs or contact our office if you need assistance.

Avoid Misinformation About Tax-Favored Health Accounts

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