Here at Speech Buddies we frequently get questions about Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs): is speech therapy FSA eligible, does HSA cover speech therapy? Some families currently have these accounts available to them and others are considering adding them, where available, to potentially reduce the cost of their family’s health care. Since speech therapy would generally be considered a covered expense (i.e. you would be able to use HSA or FSA to pay for speech therapy), these accounts could be a great way to defray overall costs. And with the enrollment period for 2016 fast approaching, a few minutes of planning may unlock significant savings for your family. This post is dedicated to shedding light on these options – as usual, there is some complexity here – so families needing to access speech therapy services can do so with a greater sense of empowerment.
