Coverage For Services

Coverage For Services

CamCare is NOT an insurance company and is not regulated by the Affordable Healthcare Act. CamCare is a Benefit Member Organization offering a number of programs at affordable prices.

All member programs are intended for your general knowledge and well-being. Plans are not a substitute for medical advice or treatment for any medical conditions unless specified by your healthcare provider. You should always check with your healthcare provider before starting any health or wellness programs

Health Savings Accounts and other Tax- Favored Health Plans

Health Savings Accounts or HSA: Can be set up with a qualified trustee such as a bank or insurance company to allow qualified individuals to set aside pre-tax money to pay for qualified medical expenses. Money contributed to an HSA is exempt from federal income tax, FICA and state income taxes (for most states). Money in an HSA acts similar to a savings account; it stays there until you use it, and most accounts even earn interest on the savings. HSAs can be a valuable savings tool for those planning for their out-of-pocket medical expenses. HSA’s can be used for all medical care costs, including deductible amounts, co-pays, co-insurance, over-the-counter medical items (drugs require a prescription) and more.

 

Flexible Spending Account or FSA: Offered through your employer and sometimes funded by your employer otherwise, funded through employee voluntary salary reductions. An FSA lets employees set aside pre-tax money from their paychecks to spend on healthcare expenses not covered by their insurance policy. Money that goes into an FSA is pre-tax, so employees can save as much as 40% of each dollar they put into the account, as long as they spend the money in the account on qualified health costs. ​

PENDING LEGISLATURE

Personal Health Investment Act (PHIT Act) Federal legislation that would allow Americans to use pre-tax accounts like Health Savings Accounts (HSA) and Flexible Savings Accounts (FSA) to pay for qualified fitness expenses including memberships, classes and personal training appointments.

To support this cause, all you need to do is ask your local members of Congress to support the PHIT Act using a simple form found here.

For more information, visit PHITAmerica.org.

Alternative healer reimbursement is eligible with a Letter of Medical Necessity (LMN) from a physician with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA). Alternative healer reimbursement is not eligible with a limited care flexible spending account (LCFSA) or a dependent care flexible spending account (DCFSA).

What are alternative healers?

Alternative healers, or those that practice Complementary and Alternative Medicine (CAM), cover a wide range of potential professionals who specialize in treatments, therapies and disciplines to alleviate specific medical conditions. What is considered alternative medicine today could easily become a mainstream treatment tomorrow as many of these methods undergo testing and clinical trials in the future. When these methods are combined with standard medical procedures, physicians refer to this practice as “integrative medicine.”

Alternative healers can specialize in myriad disciplines, whether focusing on a full spectrum of care to treat a specific medical condition or alleviating distinct symptoms. Some 40 percent of Americans have used some type of alternative healer to treat a medical condition, and the most common healers used nationwide include:

Homeopathy: The practice of using extremely diluted forms of natural substances that are used to treat a wide variety of ailments.
Naturopathy: Treatments such as acupuncture, massage, herbal remedies and other noninvasive methods are believed to promote the body’s own ability to heal itself.

Chiropractic: Chiropractors specialize in the manipulation of the spine to put the body back into an ideal alignment to treat chronic pain, joint conditions, headaches and more.
Energy Therapy: Through the use of magnets, these alternative healers manipulate the body’s energy fields to treat a wide range of medical conditions.

Reiki: This is the practice of an alternative healer placing his/her hands lightly on a person’s skin to access the body’s natural energy. It is meant to promote relaxation, relieve anxiety, and manage pain.

When is alternative healer reimbursement eligible?

The disciplines that are embraced by alternative healers are not always thought of as legitimate by mainstream physicians, but if one of these treatments could prove useful in a treatment plan for a specific medical condition, a physician can produce a Letter of Medical Necessity (LMN) for FSA, HSA or HRA reimbursement. This letter must outline how alternative healers will be used to alleviate the issue and how long their treatments will last. If these treatments will last longer than the current plan year, another LMN will have to be provided to the benefits administrator to cover the duration of the treatment.