Cost-Benefit Analysis

Opting for coverage by a registered health spending account (RHSA) allows employees to choose the benefits that most benefit them. Health insurance covers only a certain number of services, which may not help everyone. Health spending accounts also aid employers financially as they allow them to save money. Instead of needing to pay for typical health benefits, a certain amount of money can be distributed to employees by means of an RHSA, which employees can then use as they please.
To remedy fees paid out of your own pocket for any medical treatment or prescription medication, a health spending account is a highly recommended option. A RHSA offers flexibility for employees with health benefits and works to finance health expenses that regular

health insurance may not cover.
While a registered health spending account is a great add-on to health insurance, there are some medical expenses that you have to have a prescription for in order to get RHSA coverage. An example is weight loss supplements, which are considered a necessity for general health as opposed to a special medical expense. As a result, weight loss products or treatments are typically not covered by regular health insurance. With a prescription, however, they can be covered by an HSA.
It is essential to talk to your doctor and inquire about whether or not a prescription can be written for any medical treatments, procedures, or oral medication you may need.

Here are a few more medical expenses that require a prescription for RHSA coverage:
1. Cosmetic Expenses
Unfortunately, not all cosmetic procedures are on the registered health spending account list of approved expenses. If the cosmetic surgery has been deemed necessary by a doctor, then it can be covered by a registered health spending account. However, if the procedure is solely the choice of the individual, an HSA will not cover the costs.
If a surgery, such as facial reconstruction or implants, breast reduction or reconstruction, rhinoplasty, etc., is a medical requirement as stated by your doctor, the costs can be covered by an RHSA.
2. Acne Medication
Products to relieve inflamed skin or skin imperfections, such as creams, toners, and gels, can be prescribed by a doctor or they can be purchased over the counter. Additionally, there are more aggressive treatments for individuals who have trouble with acne. Unfortunately, it is not guaranteed that every product or treatment will be covered by health insurance. In these events, with a prescription, a RHSA can cover the

costs.
3. Contraceptives
Birth control pills or any contraceptive method can be covered by an HSA with a prescription from a doctor.
4. Medical Marijuana
Most of the typical group health insurance plans do not offer reimbursement for medical marijuana. Being a rather controversial product, the process is stricter and requires a number of steps from the individual in order to obtain it.
It is very important to speak with your doctor about the use of medical marijuana and make sure it is a necessary product for your health problem.
5. Homeopathic Medication
Homeopathy offers a medical alternative for people who would prefer not to have too many chemicals and unfamiliar ingredients in their systems. Homeopathic treatments are one of the ambiguous practices where people are uncertain whether or not it falls under traditional medical treatments. Most times, homeopathic medications and treatments are not covered by health insurance.
Homeopathic services of all kinds are covered by a RHSA. If you are an individual that follows a natural remedy, rest assured your medication and any procedures fall under the approved list of expenses, which can be covered by a health spending account.