1$=1$ – Is it Medical Spa Time?

For Canadians, the rising loonie has been a big news story for the past few months.  Consumers are flocking south to take advantage of the at-par currency to buy cars, stereos, TVs, and clothing.  But what about healthcare?

I was chatting with a friend of mine the other day and we were discussing the cost to attend some US-based high-profile wellness spa – you know, the ones the celebrities frequent.  They had done some research and was surprised at how the cost was really no more than a basic all-inclusive stay at a 5-star resort.  It got me thinking…“Is a week in Arizona at a medical wellness spa an option for me in 2008?”

I have a health spending account, actually, a Health and Welfare Trust (HWT) through Benecaid.  I have barely used it (with the exception of some massage therapy and a new pair of glasses) and have saved up some considerable money.  I certainly have enough for a week at Canyon Ranch or another medically licensed spa – should I take advantage of it?

A year ago, I would never have thought of spending my money on such a trip.  However, with the recent rise in the loonie, I am seriously considering it.  Given that the programs at these spas are overseen by medical professionals and that the transportation to and from the location would be eligible medical expenses, I am starting to think a medical getaway is right for me.  I work hard and never take the time to look after myself.  A week away focused on my physical and mental health and well-being might be a good choice in 2008.

I wonder how many other HSA holders are thinking the same thing?