If you have an HSA or FSA, you can usually use those funds for mental health care, not just prescriptions or physical health needs. Many people are often surprised to learn these accounts also cover therapy and other mental health services.
At Anew Therapy in Utah, your HSA or FSA can be used for any of our offerings. That means that therapy, medication management, TMS, Spravato, and ketamine therapy are all eligible to be paid for with your HSA or FSA. So if concerns about cost have been holding you back from getting treatment, we hope this guide helps you see what’s possible.
What Is an HSA or FSA?
Both accounts let you set aside pre-tax dollars for medical expenses, so your money goes further. The main difference is how each account works.
An HSA is usually paired with a high-deductible health plan. The money in your HSA rolls over each year, so there’s no deadline to spend it, and it stays with you even if you change jobs or insurance. Many people use HSAs to save for future medical needs.
An FSA is usually offered through your employer. You get access to the full amount at the start of the plan year, but most FSAs require you to use the funds by the end of the year or you could lose what’s left. Some plans give you a little extra time or let you roll over a small amount.
Both accounts help you pay for eligible medical care with pre-tax dollars, so you spend less out of pocket.
Can You Use an HSA or FSA for Mental Health Care?
Yes, and you might be surprised by how much is covered. The IRS includes mental health care as an eligible medical expense, right alongside physical health needs.
FSA and HSA eligible mental health services typically include:
- Therapy and counseling with a licensed mental health professional
- Psychiatric evaluation and care
- Medication management
- Medically supervised treatments for diagnosed conditions
Mental health care is just as important as physical health care. Using your HSA or FSA for therapy or treatment is exactly what these accounts are meant for.
Plan rules can vary, so it’s always a good idea to check with your plan administrator if you’re unsure what’s covered or what paperwork you might need.
Anew Therapy Services Available for HSA/FSA Payment
You can use your HSA or FSA for any service at Anew Therapy, including:
- Therapy: individual and supportive therapy with licensed providers
- Medication management: psychiatric medication evaluation and ongoing management
- TMS (Transcranial Magnetic Stimulation): a non-invasive, FDA-cleared treatment for depression
- Spravato (esketamine): FDA-approved nasal spray treatment for treatment-resistant depression, given in the clinic
- IM ketamine therapy: intramuscular ketamine treatment for depression, given under medical supervision
- Other eligible mental health services offered at Anew Therapy
If you’ve been interested in these treatments but worried about cost, it’s worth checking your HSA or FSA balance. These funds could help make care more affordable.
Putting Your HSA or FSA to Work for Your Mental Health
Your HSA or FSA isn’t just for emergencies. It’s there to help you get the care you need, especially if cost has made you wait.
Many people leave money unused in their HSA or FSA each year, often just because they aren’t sure what’s covered or forget to use it before the deadline.
If you have an FSA, check your balance and your plan’s deadline. Many plans end on December 31, but some are different. If your funds are about to expire, using them for mental health care at Anew Therapy is a great way to put them to good use.
If you have an HSA, there’s no rush since your funds roll over each year. But that also means there’s no reason to wait, because your HSA can help you pay for therapy or another treatment whenever you feel ready to start.
How to Pay for Mental Health Care With an HSA or FSA
Paying with your HSA or FSA is usually simple. Here’s how to get started:
- Check what’s covered: Look at your plan’s list of eligible expenses or call to ask if the services you want are included.
- Ask your provider: Make sure the clinic accepts HSA or FSA payment. At Anew Therapy, you can use your HSA or FSA for any service.
- Pay with your HSA or FSA card: Most accounts give you a debit card you can use right at your appointment. It’s usually the simplest option.
- Save your paperwork: Hold on to receipts or invoices in case your account asks for proof later. Your provider can help you get whatever you need.
- Submit for reimbursement if needed: If you pay out of pocket, you can usually get reimbursed through your account’s website.
What to Ask Before Using Your HSA or FSA
Before your first appointment, it’s helpful to ask your plan administrator a few questions:
- Is this specific service considered an eligible medical expense under my plan?
- Can I use my HSA/FSA card directly at the time of service, or do I need to submit for reimbursement?
- Do I need a receipt, invoice, or superbill to document the expense?
- What is my FSA deadline for this plan year?
- Can I use my account funds toward deductibles, copays, coinsurance, or self-pay services?
You can also ask your Anew Therapy provider for a superbill or itemized receipt. This paperwork is common in mental health care and makes reimbursement easier.
Why This Matters for Treatment-Resistant Depression
If you’re living with treatment-resistant depression, cost can be one more hurdle. Treatments like TMS, Spravato, and IM ketamine therapy can make a real difference, but worries about expenses sometimes hold people back.
HSA and FSA funds may not erase every worry about cost, but they can help lower what you pay out of pocket. If you have an HSA balance or your FSA deadline is near, using those funds for your mental health care is a real, practical step forward.
Every situation is different, and we can’t guarantee reimbursement or coverage. But Anew Therapy is here to help you understand your options and guide you through the payment process.
How Anew Therapy Can Help
At Anew Therapy, we want to make getting mental health care as simple as possible. We’ll let you know which services are eligible for HSA or FSA payment, help with any paperwork, and walk you through your treatment options.
We offer therapy, medication management, TMS, Spravato, and IM ketamine therapy for adults with depression and related conditions. While you’ll need to check your own plan’s rules, we do our best to keep our process clear and accessible.
Ready to Put Your HSA or FSA to Work?
If you’ve put off mental health care and have HSA or FSA funds, now could be the right time to use them. The money is already set aside, our services are eligible, and the next step is simply to reach out to our team.
Schedule a free consultation online today or give us a call. You don’t have to figure this out alone.
