licensedpsychedelics

Insurance coverage

Health Savings Account / Flexible Spending Account

The IRS has ruled that medically-supervised ketamine treatment (infusion, IM or oral) for a diagnosed condition qualifies as an eligible medical expense - so you can pay with pre-tax HSA or FSA dollars. Spravato copays and coinsurance are obviously eligible. Psilocybin services are not eligible because psilocybin is federally illegal regardless of state program status.

Coverage at a glance

ModalityStatus
Spravato (esketamine)Covered
Ketamine IV infusionCovered
Ketamine IM injectionCovered
Ketamine oral/lozengeCovered
Psilocybin (Oregon licensed)Not covered
Psilocybin (Colorado licensed)Not covered

What the plan requires

  • Documented diagnosis from licensed prescriber (Letter of Medical Necessity).
  • Use your HSA/FSA card or pay out of pocket and file for reimbursement.

Practical tips

  • Ask your clinic for an itemized superbill with ICD-10 and CPT codes - this is what substantiates the expense.
  • HSA accounts roll over year to year; FSA accounts do not (use-it-or-lose-it).

Providers accepting HSA / FSA

Always confirm in-network status with both the clinic and your plan before your first session.

No verified providers currently list HSA / FSA. This can mean the plan is typically self-pay, or that we have not yet surfaced plan acceptance - check back as we expand clinic onboarding.