How to Use HSA/FSA Funds for Fitness Equipment, Gym Memberships, and More

Did you know you can use your Health Savings Account (HSA) or Flexible Spending Account (FSA) to pay for more than just doctor visits or prescriptions? With the right documentation, you can use your HSA/FSA funds to pay for fitness equipment, gym memberships, saunas, and even items like cold plunges. This blog post will show you how to use TruMed to buy these health-related products, and how other stores might help you use HSA/FSA funds through services like Pay with Flex.

What Can You Buy with HSA/FSA Funds?

Your HSA/FSA can cover more than just medical appointments. Certain products that promote health and recovery, like workout equipment, can qualify. Here are some examples of items you might be able to purchase using your HSA/FSA funds:

• Workout equipment: Treadmills, stationary bikes, weights, and more.
• Gym memberships: Some gyms allow you to use HSA/FSA funds if prescribed by a doctor for a medical condition.
• Saunas: These are often used for relaxation and muscle recovery.
• Cold plunges: Cold therapy is becoming popular for reducing inflammation and speeding up recovery.
• Adjustable beds: For medical conditions like back pain or sleeping issues.

The key is that the equipment or service must be medically necessary, often requiring a letter from a medical professional.

How TruMed Helps You Buy Health-Related Products

Here’s how you can use TruMed:

1. Browse Eligible Products: TruMed partners with trusted fitness brands like NordicTrack and ProForm, as well as other health-related retailers, to offer products that qualify for HSA/FSA payments.
2. Check Eligibility: TruMed helps you confirm that the product you want to buy is eligible for HSA/FSA payment. 
3. Get a Letter of Medical Necessity (if needed): Some products might need a letter from your doctor saying they are necessary for treating a medical condition. TruMed provides guidelines on how to get this documentation if needed.
4. Pay Using HSA/FSA Funds: Once you’ve found the right product and confirmed its eligibility, you can pay using your HSA/FSA card directly through TruMed’s platform.
5. Keep Good Records: Make sure to have a receipt and documentation in case you need it for reimbursement. 

Shopping With Other Retailers Using Pay with Flex

If TruMed doesn’t carry the specific product you want, other stores may offer similar options, and you can still use your HSA/FSA funds through Pay with Flex. Pay with Flex allows you to buy fitness equipment, gym memberships, and even wellness products from many different retailers, all while using your HSA/FSA account. Here’s how it works:

1. Find Eligible Products: Look for fitness gear like gym equipment, memberships, or health-related items that are eligible for HSA/FSA reimbursement.
2. Once again, Get a Letter of Medical Necessity (if needed): Check with your doctor if the item you’re wanting to purchase can be required for a medical necessity. Get a letter and keep it for your documentation!
3. Check for Pay with Flex: Many online stores now partner with Pay with Flex, which lets you pay for these items using your HSA/FSA funds.
4. Complete Your Purchase: At checkout, select Pay with Flex as your payment option. This service ensures your HSA/FSA funds are used correctly.  Make sure to keep all those receipts!

Some retailers like NordicTrack, ProForm, and others that sell fitness equipment partner with Pay with Flex to make it easier to use your HSA/FSA funds for eligible purchases.

Final Thoughts

Using your HSA/FSA funds for fitness equipment, gym memberships, saunas, and other health-related products is a great way to stay on top of your wellness without breaking the bank. Services like TruMed and Pay with Flex make it easy to purchase from trusted retailers and ensure that your items are eligible for reimbursement. Again, always check for a letter of medical necessity if required, and be sure to keep your receipts and documentation for your records.

 *This is meant for educational purposes only and should not be used as medical or financial advice.  Always consult a financial or tax advisor before implementing a strategy.*

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