I have an expense that seems to be eligible under both my Health Spending Account (HSA) and Wellness Spending Account (WSA), how should I process this?
Some items are eligible under both plans if you have all the required documentation. For example, Art Therapy is eligible under the HSA if it is done through a Registered Therapist. Art Therapy is also eligible under the WSA. In this situation it is up to you as to where you want the reimbursement to come from as long as the service providers qualifications meet the HSA standards. If this is the case, we recommend looking at the balances for each account then forecasting what your future needs will be for each account. If you know that you will have more HSA claims in the future, perhaps using the WSA for the Art Therapy is a good option.
As always, review your accounts prior to making any purchases to ensure you are covered for the expense and have the balances available for reimbursements.