Can you buy training services with your HSA/FSA?
The short answer is yes, you may, as long as you obtain a Letter of Medical Necessity.
We’ve partnered with Truemed to allow you to use your Health Savings Account (HSA) or Flexible Spending Account (FSA) at Rush Fit. This means you can buy our products with pre-tax dollars, resulting in net savings of 30-40%.
Savings
Using HSA/FSA means shopping with pre-tax dollars. That translates to a net savings of 30-40% for you.
Survey
Take the 2-minute evaluation to find out if you’re eligible
Approved
If eligible, TrueMed will email you a Letter of Medical Necessity.
Letter of Medical Necessity
Upon approval, Truemed then provides the documentation to submit with your reimbursement claim to your HSA/FSA provider.
How many Letters of Medical Necessity does a customer need to obtain?
Each Letter of Medical Necessity can cover multiple qualified products and is applicable to personal training purchases. Prior orders can be reimbursed subject to rules set by HSA/FSA providers.
How long does the Letter of Medical Necessity last?
Each Letter is valid for 12 months before it needs to be renewed.
How do I pay for training?
You can keep purchasing for training the same way you always would. Upon approval, Truemed then provides the documentation to submit with your reimbursement claim to your HSA/FSA provider. You can either submit claims individually or all at once at the end to the year.
What is Truemed?
Truemed partners with health and wellness brands to enable qualified customers to use HSA/FSA funds on health and wellness purchases. Truemed partners with a network of individual licensed providers who can issue Letters of Medical Necessity to qualifying customers, thereby saving customers money on health and wellness purchases.
What is a Letter of Medical Necessity, and how is this compliant?
The items in your Truemed Letter of Medical Necessity (“LMN”) are now qualified health expenses in the same way a visit to the doctor’s office or pharmaceutical product is.
How long does HSA or FSA reimbursement take?
For most FSA/HSA administrators, your expenses will be approved within days when you submit it with your Truemed Letter of Medical Necessity. The exact timing will vary based on your administrator.
