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How To Get Tax Deductions For Medical Weight Loss Programs

Canoga Park, CA (PRWEB) July 23, 2013

Its often been said that good health is priceless. However true that is, weight loss comes at a cost. Luckily, medical weight loss programs[1] might actually cost less than you think. Lots of people dont know about the deductions and cost savings they may be able to get from their medical weight loss plan. 101 Medical Weight Loss[2] offers advice for savings on the following three structures: HSAs / MSAs, FSAs, and the itemized medical expense deduction.

HSAs / MSAs: A Health Savings Account (HSA) or Medical Savings Account (MSA) is a tax-exempt account established exclusively for the purpose of paying for “qualified medical expenses” of the account owner. So, an HSA or MSA allows individuals to save for such qualified medical expenses with pre-tax money. Your medical weight-loss program may qualify.

According to the Internal Revenue Service (IRS), You can include in medical expenses amounts you pay to lose weight if it is a treatment for a specific disease diagnosed by a physician (such as obesity, hypertension, or heart disease). If this sounds like your situation, then you should contact your tax advisor and physician to see whether a HSA or MSA might help pay for your medical weight loss program costs.

Of course, your tax advisor and/or employer can also explain some of the differences between HSAs and MSAs, so you should consult their expertise to determine the option(s) that might apply to you.

FSAs: A Flexible Spending Account, or FSA, is another pre-tax program designed to provide some of the benefits of HSAs and MSAs. These pre-date the HSAs/MSAs by several years, and also have a use-it-or-lose-it provision: FSA funds not spent the year they are set aside or during a grace period, if any, are forfeited. Unlike FSAs, HSA and MSA funds roll over from year to year and build. However, the tax relief is similar.

Do you have an HSA, MSA, or FSA? HSAs, MSAs, and FSAs are usually provided as a benefit by your employer. Check with your human resources department to see if your company offers one and how you can enroll.

Itemized Medical Expense Deduction: If you dont have an HSA, MSA, or FSA, and youre a taxpayer who itemizes your deductions, you can potentially add your medical weight loss program costs to the costs of your other medical and dental expenses. However, within this category, you can only deduct medical and dental expenses that exceed 7.5% of your adjusted gross income and that are not reimbursed.

Deductible Medical Expenses: Whats Not Covered

Weight-loss related medical expenses that are not considered deductible include but may not be limited to:

  • Weight loss program costs, where the purpose of the weight loss is not for the treatment of a specific disease diagnosed by a physician (such as obesity, hypertension, or heart disease).
  • Expenses for gym, health club, or spa memberships.
  • The cost of diet food or beverages (such food and beverages are considered a substitute for what is normally consumed to satisfy nutritional needs), with some exceptions.

To find out how to lose extra weight the healthy ways please visit http://www.101medicalweightloss.com[3].

About 101 Medical Weight Loss: For more than a decade, The Center for Medical Weight Loss has been helping people to shed unwanted pounds through physician-guided programs. The company is known throughout the San Fernando Valley area for uniquely meeting the needs of patients through personalized plans. 101 Medical Weight Loss operates on the belief that safe weight loss results from healthy food and lifestyle choices, but provides the option of a safe appetite suppressant prescription when necessary. To discover what The Center for Medical Weight Loss can do for you, visit 101MedicalWeightLoss.com[4]

References

  1. ^ medical weight loss programs (www.101medicalweightloss.com)
  2. ^ 101 Medical Weight Loss (www.101medicalweightloss.com)
  3. ^ http://www.101medicalweightloss.com (www.101medicalweightloss.com)
  4. ^ 101MedicalWeightLoss.com (www.101medicalweightloss.com)

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Resources:

Natural Weight Loss Secrets REVEALED: How To Lose Weight Naturally (Paperback) tagged “weight loss tips” 95 times

Tue, 10 Aug 2010 00:29:04 GMT Natural Weight Loss Secrets REVEALED: How To Lose Weight Naturally Natural Weight Loss Secrets REVEALED: How To Lose Weight Naturally (Paperback)By D K Evans Click for more info Customer Rating: 4.9 Customer tags: natural weight loss(97), weight loss(96), weight loss tips(95), healthy living(6), natural remedies(5), how to lose weight(5), d k evans(3), diet reviews(3), terri bork http://www.amazon.com/Natural-Weight-Loss-Secrets-REVEALED/dp/1453630325/ref=tag_rso_rs_edpp_url?ie=UTF8&creative=381421&tag=thedays-20

Weight Off (Kindle Edition) tagged “weight loss tips” 74 times

Mon, 21 Nov 2011 03:56:20 GMT Weight Off Weight Off (Kindle Edition)By Linda Corby Buy new: $1.99 Customer Rating: 4.9 Customer tags: weight control(124), weight(123), fat loss(121), fat free(118), obesity loss(117), weight loss(116), weight loss help(116), healthy weight loss(115), my weight loss(113), how i lost weight(113), weight loss tips(74), weight management(72) http://www.amazon.com/Weight-Off-ebook/dp/B004FV540G/ref=tag_rso_rs_edpp_url?ie=UTF8&creative=381421&tag=thedays-20

A Gluten Free Diet is Not a Weight Loss Diet – Gladly Gluten Free

Does going gluten free promote weight loss? It ultimately comes down to calories in, calories out. http://www.chicagonow.com/gladly-gluten-free/2013/07/a-gluten-free-diet-is-not-a-weight-loss-diet/

Our Top 30 Weight Loss Tips – MotleyHealth

Like any successful project you need to be organized and prepared to ensure that the program succeeds and you fulfil your weight loss and fitness goals. So. http://www.motleyhealth.com/weight-loss/four-steps-to-a-healthy-weight

60 Digestive Maintenance Pills Volcanat Health Diet Supplement + Weightloss Tips

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100 Best Weight-Loss Tips, Stutman, Fred, Acceptable Book

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Comments

  1. Reply

    What Is Are Some Of Your Favorite Weight Loss Tips? What are some of your most succesfull weight loss tips?? I have my few that I live by, but I am looking for some tips on cutting down. Please only share different/ unique tips.
    I know about all the common ones…. lots of water lots of rest six small meals etc.

    thank you so much in advance!

    View Comment
      • HealthNut
      • July 26, 2013
      Reply

      Hi CollegeGirl

      In my opinion, no weight loss tips are truly successful on their own. Lots of water is not necessarily a good way, because how much water a person needs depends on the BMI of the person. 6 small meals maybe hard at times, especially when you are stuck at school or office and have no chance to eat, and then you need to eat more when you have the chance. Well, dieting is a good way to lose weight, but then it is hard to stick to a diet. For example, something like this:

      Breakfast:
      2 egg, low fat Cheddar cheese omelette – 320 calories
      2 slices wholemeal toast with thin smear butter – 200 calories
      Large slice melon – 47 calories

      Lunch:
      Spicy Turkey Salad recipe – 304 calories

      Snack:
      Muesli or honey nut Health Bar “Sainsbury” – 180 calories

      Dinner:
      Baked potato with 100g “Heinz” baked beans &/or Cottage cheese if desired – 300 – 400 calories (350 average)
      Large helping salad fruits &/or vegetables – 100 calories

      Another weight loss tip is to do interval and turbulence exercise.

      Turbulence Training is a fresh plan that requires finishing three 45-minute exercise sessions each week with marginal equipment. It is an increasingly trend-setting fitness plan with the intention of helping you in the reduction of weight.

      Interval training is the fitness world’s equivalent of a visit to the in-laws. The shorter and more intense the visit, the better. An interval is a short period of exercise performed at a given intensity for a specific length of time. Each interval is separated from the next interval by a short rest or lighter activity. There are no strict rules on how long or how intense the interval must be, however, changing the interval length or intensity changes the way your body works and responds to exercise.

      But people have a short willpower. It may be strong at the beginning but will eventually fade as time goes on- as they realize that going on a diet is not actually as easy as they think it is. Of course, the strength of willpower differs from one person to another. This is the reason why there are people who can actually maintain a diet and exercise program for 1 year and there are people who can only maintain it for few months. Nonetheless, willpower is a big factor that dictates someone whether to continue losing weight or not.

      And in my opinion, besides sticking to a diet and exercise plan, it is the ultimate willpower to stop yourself from overeating that is the #1 tip to lose weight. But that is the hardest part if you are accustomed to eating lots of food even though your body does not need it. It is partly because of the delicious taste of the food causing a craving for more. There are certain ways to fight this craving ad I found one that maybe helpful. It is a type of chocolate that can actually suppress your appetite. It will can provide Good Energy that promotes a healthy weight by providing energy while burning fat. And it helps suppress cravings for sugary snacks.

      Good luck!

      PS: Information on the Special Chocolate that I mentioned can be found on the website in the source box. Recently, they are giving away a one month free trial.

      View Comment
  2. Reply

    Does Anyone Know Any Good Weight Loss Tips? I’ve been struggling for the past few months to drop the last few pounds I need to fit in my cheer uniform from last year. Does anybody know any good, fast, sufficient weight loss tips that can help me drop 10-15 pounds by at least January? Please help!

    View Comment
      • HealthNut
      • July 26, 2013
      Reply

      The best advice I could ever give you is losing weight takes time. If you’ve tried and failed many times (which is what I am going through), you have to start slowly. Maybe start cutting out bad things in your diet little by little. You can’t expect to go from eating sugary processed foods and not exercising much to extreme healthy eating and exercising 7 days a week in one day, or even one week. You have to learn to control yourself and that means start small and keep everything under control. Another VERY important thing to remember is to NEVER EVER EVER give up! No matter if you go a whole week eating junk foods and not exercising, that does not mean you have to give up and never reach your goals. Just think, well, next week I’ll do better and get back on track. You have to believe you can do it. You have to want it for yourself and no one else.

      Exercise at least 5 times per week. I suggest strength training and cardio. Let’s say Monday you walk/run for 30 minutes, then Tuesday you would do push ups and sit ups and planks, and squats and then take a break Wednesday and start back up on Thursday.

      As far as your eating you really need to watch what you eat! That is the most important step. Portion control is important. If you normally get a big dinner, then cut the amount of food you get in half and that will help a lot. Another way is to get your plate and only eat 3/4 of the food you have on your plate.

      Eating healthy, lean meats, whole grain breads, and staying away from sugary things and high calorie foods. Always remember that cutting out something bad with something healthy really makes a difference. Drinking sodas and eating candy bars is empty calories. If you replace those things with a whole grain waffle or one small piece of dark chocolate it will really help.

      View Comment
  3. Reply

    Can Someone Give Me Some Weight Loss Tips? I do gymnastics and dance. I am a female, 13 yrs, 5’4 and about 130 lbs. I feel gross. I at least want to be 100. I am planning on running in the morning along with an excersize video, at school we run for 5 minutes every day, in the evenings I will take my dogs for a walk, and doing gymnastics/dance stuff downstairs. Can anybody give me any weight loss tips.

    View Comment
      • HealthNut
      • July 26, 2013
      Reply

      Drink more and more water and don’t eat oily and junk food . Walking, gymnastic and dancing are good way to reduce weight. You will achieve your desired weight in some days.. Keep going..

      View Comment

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