Letter Of Medical Necessity (LOMN)
The Letter of Medical Necessity (LOMN) is an essential document required to authorize the use of HSA (Health Savings Account) or FSA (Flexible Spending Account) funds for eligible products or services. This letter serves as proof that the purchased items are medically necessary and prescribed or recommended by a qualified healthcare provider.
Why is the LOMN important?
Many healthcare-related expenses, including specific treatments, products, or medical devices, require validation to be reimbursed through HSA/FSA funds. The LOMN ensures compliance with IRS regulations by providing the required documentation for these expenses.
Who needs the LOMN?
If you are planning to use HSA/FSA funds to cover this purchase, obtaining the LOMN is mandatory. Without it, your payment using HSA/FSA funds may be denied or flagged for audit.
Benefits of the LOMN:
- Validates your purchase as a medically necessary expense.
- Ensures smooth processing of HSA/FSA claims.
- Helps you stay compliant with healthcare and tax regulations.
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