With the necessary documentation from a concierge physician, patients enrolled with these practices can use their tax-advantaged HSA or FSA funds to pay for their physician’s annual fee.

If the fees collected by concierge practices are used only for non-medical amenities like convenient access to a doctor or in-home appointments, these expenses are typically not reimbursable by HSAs.

However, when annual fees charged by concierge practices include medical services, like an annual comprehensive physical, these services are reimbursable by most HSAs and FSAs. David Nazarian and colleagues at My Concierge MD provide comprehensive physicals, executive physicals, a variety of screening diagnostic tests, preventive exams, and much more as part of the one-time annual retainer fee paid by patients.

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Please contact us at 310-299-8959 to schedule your consultation today!

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I’ve missed being in touch with you and I hope your life is amazing.

With the increasing rise in popularity of concierge medical practices nationwide, individuals interested in the personalized care and convenient service of concierge medicine are finding that the annual fee charged by these unique practices can also have significant tax advantages.

For patients enrolled in Flexible Spending Accounts (FSAs) through an employer, or who have established an individual Health Savings Account (HSA), using their tax-preferred monies to pay for annual concierge medicine membership fees is a smart use of healthcare dollars.

Created in 2003, Health Savings Accounts are tax-advantaged medical savings accounts available to Americans covered by high-deductible health plans.

Funds placed in these accounts can be used to pay for qualified medical expenses without penalty or federal tax liability.

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