Cold Plunge & Ice Bath Health Savings Account Eligibility: New Guide Released

In a new guide from ColdPlungeInsider.com, HSA account holders who are interested in cold plunging for health benefits can learn how to purchase a tub through their account. The guide goes over the different criteria, the difference between an HSA and an FSA, and how to maximize benefits.

To learn more, please visit: https://coldplungeinsider.com/are-cold-plunges-and-ice-baths-health-savings-account-hsa-eligible-2/

Cold plunging has increased in popularity in recent years, with many health professionals highlighting benefits like reduced inflammation and an improved immune system. For those who don’t live close to water or want to be able to take a cold dip even during warm weather, an at-home tub is a convenient solution. However, prices for tubs with an included chiller often start at around $4,000 and up.

If deemed a medical necessity, it’s possible to buy a tub without taxes, making it accessible even to those with restricted budgets.

“One of the most compelling reasons to use an HSA is the pre-tax benefit. Contributions to your HSA are made with pre-tax dollars, reducing your taxable income. This means you save money on taxes while setting aside funds for medical expenses like cold plunges,” a company spokesperson explained.

According to NPR, many of the claimed health benefits from cold plunging have not been studied enough. But some studies have proven that acute and repeated cold exposure can contribute to a more balanced blood sugar. For full effect, the body should start to shiver, which can improve insulin sensitivity better than exercise in some cases. Cold plunging also has the potential to increase metabolic rate by five times and can be useful to treat Type 2 diabetes.

To make a cold plunge HSA eligible, a Letter of Medical Necessity from a healthcare provider will be needed in most cases. The letter needs to be detailed and explain how a cold plunge tub can improve a medical condition for reimbursement to be possible.

ColdPlungeInsider.com explains that another benefit of HSAs is that account holders over 65 can use their funds for non-medical expenses without penalty, with the drawback that they will be subject to income tax.

More information can be found here: https://coldplungeinsider.com/are-cold-plunges-and-ice-baths-health-savings-account-hsa-eligible-2/

ColdPlungeInsider.com
info@coldplungeinsider.com

30 North Gould Street
Ste R
Sheridan
Wyoming
82801
United States