An HSA or FSA is a great way to save money on necessary medical expenses. Now that you’re pregnant, you may be searching for an HSA FSA eligible childbirth class that you can submit for reimbursement, without paying cash out-of-pocket. Let’s discuss the basics of HSA/FSA reimbursement and how you use it to save on your prenatal education.
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And we’ll also introduce you to the KOPA® PREPARED Essentials online childbirth course, which is HSA FSA eligible and therefore the cost is 100% reimbursable!
A health savings account (HSA) and a flexible spending account (FSA) are special accounts that allow you to set aside pre-tax dollars for medical expenses. The HSA or FSA is typically a benefit offered by employers, although you may have opened an HSA on your own if you’re self-employed. These accounts do not take the place of insurance. Rather, they are often used in conjunction with your insurance as a way to pay for co-pays, prescriptions, and other eligible expenses. The tax benefits of an HSA or FSA are helpful, especially during pregnancy and birth when medical expenses are high.
You’ll want to check with your company’s HR department to see your benefits package includes an HSA or FSA. During your enrollment period, you’ll determine how much money is allocated into your account. Your company will provide you with a debit card that you can use to draw from the account to pay for eligible expenses.
The money you set aside in an HSA can roll over from year to year. However, an FSA is a “use it or lose it,” where you forfeit any money in your account at the end of the year if you don’t spend it.
What is or is not an eligible expense depends on the specific administrator of your plan. However, childbirth classes are almost always considered an eligible expense and can be expensed for the full price of the course. With that said, there are usually some stipulations on childbirth classes, including:
Many FSH/HSA administrators require a Letter of Medical Necessity (LMN) from your doctor. This is a basic letter describing your medical condition (aka. pregnancy), why you need the class, and how the instruction will meet your educational needs. Check with your FSA/HSA administrator and pass the info along to your midwife or doctor.
An itemized receipt is a receipt that includes specific information required by your HSA/FSA administrator, and you should call them to verify what information they need. This may include line items such as:
If you pay for your childbirth class directly with your HSA/FSA card, you still need to request the itemized receipt and save it in case you’re asked to submit it at a later time. If you pay with a personal credit card or cash and plan to submit the expense for reimbursement, an itemized receipt is required to submit along with the LMN to your HSA/FSA administrator. The itemized receipt will be given to you by the childbirth class instructor.
So, now that you know all about childbirth classes and HSA or FSA accounts, you’re likely eager to find an HSA FSA eligible childbirth class. Allow me to introduce you to the KOPA® PREPARED Essentials Online Childbirth Course!
REGISTER FOR THE KOPA® PREPARED ESSENTIALS ONLINE CHILDBIRTH COURSE
The KOPA® PREPARED Essentials Course was created by a Registered Nurse and Lamaze certified educator. It provides all the information you and your birth partner need to approach natural childbirth with confidence.
This comprehensive course is ideal for 1st-time parents, as well as more experienced parents who are attempting a natural birth for the first time. The curriculum covers coping techniques, positions of comfort for labor, hospital interventions, and much more.
REGISTER FOR THE KOPA® PREPARED ESSENTIALS ONLINE CHILDBIRTH COURSE
On a daily basis, couples purchase the KOPA® PREPARED Essentials course for through their HSA/FSA accounts. The process is simple.
Voila! That’s it. You have yourself a 100% reimbursable, HSA FSA eligible childbirth class. And at the same time, you can feel good knowing that you are taking the first step towards a safe, empowering birth experience for you and your baby!
Kopa Birth’s online childbirth classes allow you to prepare for a natural childbirth from the comfort of your own home, 24/7. Enroll today in our free online childbirth class to learn more about preparing for a natural hospital birth.
