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How to Use a Letter of Medical Necessity for FSA and HSA

How to Use a Letter of Medical Necessity for FSA and HSA

If you have a Flexible Spending Account (FSA) or a Health Savings Account (HSA), you can use pre-tax dollars to pay for eligible medical expenses and products. However, not all products are eligible for reimbursement, and some require a Letter of Medical Necessity (LMN) to qualify.

What is a Letter of Medical Necessity?

A Letter of Medical Necessity or LMN is a written statement from a licensed healthcare provider that explains why a specific medical expense is necessary for the treatment or management of a medical condition. LMNs are required for certain medical expenses to qualify for reimbursement through an FSA or HSA.

For example, if you have a medical condition that causes chronic pain in your knees, and your doctor recommends that you use orthopedic sneakers to help alleviate the pain, the orthopedic sneakers are an eligible expense under your FSA or HSA, but you'll need an LMN from your doctor to prove that it's medically necessary.

How Shop Home Med Can Help You with Your FSA and HSA Eligible Medical Expenses

At Shop Home Med, we understand the importance of FSA and HSA-eligible medical products. That's why we offer a long list of FSA and HSA-approved products, and accept FSA/HSA payments. We also accept FSA/HSA payments with an LMN for specialized FSA products, making it easy for our customers to use their FSA card on LMN-eligible medical products.

How Do I Submit My LMN?

To order FSA products with an LMN, simply visit our website and browse our selection of eligible products. If you need an LMN for a particular product, you can submit your letter for approval by our staff. Once your LMN is approved, we will ship your products directly to your door.

Step-by-step guide: 

  1. Find the product you want. 

  2. Pick any specifications you need such as size and color.

  3. Now this is the important part, Get an LMN from your medical provider and submit it at the end of the year with your taxes. 

  4. Once the LMN is approved by the IRS you will get a refund for this order. 

  5. Now at checkout, you can use your FSA card to pay.

Conclusion

If you have an FSA or HSA, and you need specialized medical products that require an LMN, visit Shop Home Med today to browse our selection of eligible products and get the care you need, while saving money on your healthcare costs. If you need help, contact us today, and we'll be happy to assist you in any way we can. 

 

FAQs

  • What is an FSA and HSA, and how do they work? An FSA and HSA are savings accounts that you can use to pay for eligible medical expenses with pre-tax dollars. The main difference is that an FSA is use-it-or-lose-it, meaning you have to use the funds by the end of the plan year or you lose them, while an HSA allows you to roll over funds from year to year.
  • What kind of products are eligible for reimbursement through an FSA or HSA? Eligible products include things like bandages, first aid kits, medical equipment, and prescription medications. However, you can find FSA/HSA eligible products on Shop Home Med by looking for the badge that says "FSA/HSA Eligible." 
  • How do I know if I need an LMN for a particular product? You can check with your plan guidelines or contact your healthcare provider to see if a particular product requires an LMN. You can also look on Shop Home Meds product pages and look for the product that says "This product is FSA eligible with LMN". 
  • Can I use my FSA or HSA card to pay for products that require an LMN? Yes, as long as you have an approved LMN, you can use your FSA or HSA card to pay for LMN-eligible products.
  • Can I submit an LMN for a product after I've already purchased it? Yes, you must submit your LMN for approval to the IRS at the end of the tax year. If you've already purchased the product, it may not be eligible for reimbursement through your FSA or HSA.

  • What if I don't have an FSA or HSA, can I still buy products from Shop Home Med? Yes, you can still buy products from Shop Home Med even if you don't have an FSA or HSA. We accept many different kinds of payment methods.

  • Can I use my FSA or HSA to pay for shipping and handling fees? Yes, you can use your FSA or HSA to pay for shipping and handling fees as long as the product itself is eligible for reimbursement.

  • What happens if I have funds left over in my FSA or HSA at the end of the plan year? If you have funds left over in your FSA or HSA at the end of the plan year, you may be able to roll over a portion of the funds into the next plan year, or you may lose the funds. It's important to check with your plan guidelines to see what options are available to you.

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