If you have health insurance coverage, it’s likely that not all your medical expenses are covered by your plan.
Thankfully, a flexible spending account, or FSA, can save you considerable cash on eligible medical-related expenditures, procedures, and services that you would typically have to pay for out of pocket — including your IQAir air purifier.
So how do you go about getting your air purifier covered by your FSA?
Read on to learn the surprisingly simple steps you need to take to get your IQAir air purifier covered by your FSA plan. But first, let’s briefly summarize what an FSA is.
What exactly is a flexible spending account (FSA)?
There are a few types of flexible spending accounts, but the most common is the medical expense FSA, also known as the healthcare FSA.
The medical expense FSA is a pre-tax medical benefits account offered by many employers that lets you set aside money to pay for eligible medical expenses that aren’t covered by your insurance plan. The money is deducted from your paycheck before taxes are assessed, and you then use funds in your FSA to cover the cost of medical co-pays, deductibles, approved medical devices and equipment, and more. Examples of FSA-eligible items include everything from air purifiers to wheelchairs.
Some companies may also contribute to your FSA, but they are not required to. Your HR department or insurance provider should be able to provide more information on the company’s policy.
It’s also important to note that the Internal Revenue Service (IRS) establishes a limit on the amount of money that you can deposit into an FSA account every year.1
How do I get my IQAir purifier covered by my FSA plan?
The process of getting your IQAir air purifier covered as an FSA-eligible expense is relatively simple:
- Make an appointment with your doctor. Your air filtration system must be prescribed by a medical practitioner to treat a specific medical condition, such as asthma or severe allergies.
- Discuss how an IQAir air purifier may be the right medical device to help treat your specific ailment. As previously mentioned, the IQAir HealthPro Plus is FDA certified as a hospital-grade filtration device and DME, so it may be useful to share this information with your physician.
- Once you receive approval from your doctor, they’ll have to give you a Letter of Medical Necessity (LMN) to authorize the air purifier as an FSA-eligible expense. Your doctor may provide a prescription for your IQAir system so it can be covered as an FSA-eligible expense.
- Purchase your IQAir air purifier using your debit or credit card. Currently, you cannot pay for your IQAir air purifier using an FSA debit card. Don’t worry — you’ll get reimbursed by your insurance or FSA provider. Read on to find out how.
- When you purchase your air purifier using your FSA account, keep all supporting documentation, such as detailed receipts, so you can get reimbursed for your FSA-eligible expense. Although the process for reimbursement varies depending on each insurance provider’s policy, you’ll typically submit a paper or online form to request a reimbursement and provide the LMN, and receipts or a bill as proof of payment.
Consult your FSA provider or HR department for coverage questions
Most insurance providers will cover IQAir air purification systems as FSA-eligible expenses. But when in doubt, contact your provider or HR to ensure that your air purifier is covered. Purchasing an IQAir system using your FSA is a quick and easy process – in many cases, paying with your FSA is essentially the same as using a debit card. You’ll have the opportunity to get an FSA card when you set up an FSA, which gives you direct access to the funds in your FSA just like a normal debit card gives you access to a bank account.
And once you’ve established that one of our systems qualifies as a medical expense, you may be able to use those funds to cover the cost. Call us at (888) 560-1020 so that one of our Solutions Coordinators can walk you through this entire process.
Here’s an overview of what this process might look like:
- You’ll pay in advance for your IQAir system. IQAir cannot accept payments directly from an FSA debit card at this time.
- One option you have for reimbursement is to file a claim with your insurance provider. This process looks different for everyone depending on your insurance provider and specific healthcare plan (i.e., HMO vs. PPO).
- Make sure you have proof of your purchase, such as a receipt or other supporting documentation.
a) Many insurance providers may deny your first claim. Try filing your air purifier purchase claim at least twice to increase the chances that your claim will be approved.
b) Depending on your coverage, a portion or all of your air purifier purchase will be covered by your insurance plan. In this case, you don’t need to go through your FSA at all.
- Your second option is to file a claim with your FSA as an out-of-pocket expense. This process is also specific to your FSA provider.
- Make sure you have any receipts or documentation to prove you made the purchase.
a) If your claim is approved through your FSA, you’ll get a check to reimburse you for the expense.
b) The amount of the air purifier purchase will be deducted from your FSA account.
Selecting an air purifier for your specific needs for purchase through your FSA is a breeze — use our Help Me Choose tool to easily determine which system would best address your health concerns.