Tuesday, November 24, 2009

Get Ready for 2010 -- End of Year Accounting

Beside the beginning of the holiday season, this is also the time for choosing insurance plans for 2010 and for final filings for Flex Spending Accounts, Health Savings Accounts and Insurance.

A couple of things to remember:

If you have an open enrollment period at your company, please check to see if your plan for next year affects coverage for Alternative Medicine options (like acupuncture), and sign up for the coverage that best suits you. Plans tend to change on a yearly basis; so, it is important to check the details.

Many of my patients use a Flex Spending Account (or HSA) to cover their medical charges. Acupuncture, Herbs and Supplements can all be charged against these accounts. Please let me know as early as possible if you will need a Superbill for your FSA filing. For those with excess funds in an account, this is a good time to stock up on herbs and supplements (like multi-vitamins, Calcium and Fish Oil) for the coming year.

If you haven't yet filed for insurance reimbursement for your treatments, this is a good time to do it. Don't worry, you usually have at least a year from the date of treatment to get the papers in.

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