Mental health care is crucial to maintaining overall wellness. Perhaps now more than ever, it’s important to remember that your emotional and mental health are just as important as your physical health.
According to the Substance Abuse and Mental Health Services Administration (SAMHSA) survey on mental health, 47.6 million adults in the United States live with a mental illness, or nearly one in five people over age 18. As many as 30% of those who have a mental health condition don’t seek treatment, and a common obstacle to mental health care is the cost.
The good news is that you can pay for many mental health treatments and services (including some forms of online therapy) with your flexible spending account (FSA) or your health savings account (HSA), to offset out-of-pocket expenses.
In this post, we’ll go into more detail about what mental health services and products qualify for coverage with FSA and HSA funds.
With so much uncertainty in the world right now, many people are experiencing greater levels of stress, anxiety, and depression. It is normal for people to have these feelings during times of heightened stress, but there are many resources available to treat mental health conditions, using tax-free FSA and HSA funds to offset the cost of services and prescription treatments.
To see more eligible FSA and HSA products and services, don’t forget that you can always check out our eligible expenses page.