Weight-Loss Programs, Tax Deductible and HSA/FSA Approved?

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First I will start out stating I am not a CPA, a politician, or a health insurance advocate. I am a personal trainer with goals, goals to help my clients fight obesity, hypertension, and heart disease. I do however read and when I read something that I think could potentially help YOU, I want to share it. How you interpret this information and what you do with it, is up to you.

Have you ever read the 502 publication from IRS.gov? I mean really read it, not scanned and not read a synopsis from another authors interpretation. I have, coffee was needed along with 2 days of re-reading in case I read something different. You probably want to know why I would put myself through this torture and pain. First off, it wasn’t too bad, in fact it was an easy read. 2nd, I work in the health and fitness industry, It is so important for me to know what’s going on.

Okay fine, I will share the real reason I dug and read the 502 publication. I was motivated, when I went to purchase eye contact solution at HEB I noticed on the merchant machine it said FSA/HSA approved $10.18. I asked the lady, “wait, what’s approved ?” She looked it up and said it was my eye contact solution. SWEET!! I can use my FSA/HSA funds to pay for eye solution??? So of course I didn’t sleep that night because my mind keep thinking, if I can pay for my eye contact solution, then what else is approved/deductible?

My goal, repeatedly is to help my clients fight obesity, control/lower hypertension (blood pressure), and to fight heart disease. Well if these are my goals and my clients goals, and my future clients goals, what do you think the first thing they would be concerned about in hiring a trainer to help them achieve these goals? MONEY $$$$, that’s right, that green stuff that DOES NOT grow on trees. I hope I read all of this right, cause if I did then we just may have opened a wonderful can of worms in fighting this obesity epidemic! Here is the part where I share with you the findings in my reading, instead of repeating it and accidentally mentioning something wrong. I have attached the writings in an image, and if you want to see it for yourself, click here, its on pg 17 http://www.irs.gov/pub/irs-pdf/p502.pdf

*please note, this blog post is based on my interpretation of the publication. 

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