Medical information Plan Fees: FSA Eligibility

Medical information plan fees are eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA) and a health reimbursement arrangement (HRA). Medical information plan fees reimbursement is not eligible with a limited care flexible spending account (LCFSA) or a dependent care flexible spending account (DCFSA).

What is a medical information plan?

Medical records are the long-term documentation of an individual's medical care and medical history over the course of his/her life. These records are extremely valuable for medical professionals in following trends associated with an individual's medical history, listing any allergies or other major complications that could affect a patient's scope of care and past procedures and operations the patient may have had that could inform a treatment plan moving forward.

A medical information plan refers to two possible expenses that a consumer-directed account holder may encounter when moving medical information between health professionals. First, the cost to store health information and be able to retrieve this information from a computer data bank is a qualified expense. Additionally, the cost of transferring or copying medical records for medical care is a qualified expense for consumer-directed account holders.

Why are medical information plan fees eligible for reimbursement?

Under IRS ' 213(d)(1), "medical care includes amounts paid for the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body." This includes medical equipment, supplies and devices. Medical information plan fees fall under this category of coverage because they directly relate to a patient seeking out medical care and covering the associated expenditures that will go along with it.

Eligibility Table

Flexible Spending Account (FSA) Limited Care FSA Dependent Care FSA Health Savings Account (HSA) Health Reimbursement Account (HRA)

Eligible

Eligible with Rx

Eligible with LMN

Not Eligible

 


AZ-PROD-WEB01 11/21/2017 8:55:17 PM