Plunge into Savings with TrueMed
Maximize Your Pre-Tax HSA/FSA Benefits: Enjoy Effective Savings of 30-40%
Now accepting HSA and FSA payments! Through our integration with TrueMed, you can use your healthcare spending accounts to purchase eligible items from our store. Since HSA and FSA contributions are made with pre-tax dollars, this could help you save significantly on your purchase - potentially 30%-40% depending on your tax situation. Make the most of your healthcare benefits while shopping with us.
How to Pay with HSA/FSA:
- Add your items to cart
- Select guest checkout at payment (note: avoid using Shop Pay)
- Choose TrueMed as your payment option and enter your HSA/FSA card details
- Complete a brief medical questionnaire to verify eligibility
That's it! Your purchase will be processed once eligibility is confirmed.
How does TrueMed work?
Using your HSA or FSA for eligible purchases means you're spending pre-tax dollars. Since these funds aren't subject to income tax, you could see effective savings of 30% or more on your purchase, depending on your tax bracket. It's a smart way to make your wellness investment more affordable while putting your healthcare benefits to work."
FAQs
HSA/FSA accounts were created so individuals could use pre-tax money to pay for expenses used to treat, mitigate, or prevent a diagnosed medical condition. Because HSA/FSAs use pre-tax money, you’re getting more purchasing power for your dollars. Rather than pay taxes on income and then spend it on health items, qualified customers can use pre-tax funds to invest in their health.
An individual can contribute up to $4,150 pretax to their HSA per year, or $8,300 for a family (plus an additional $1,000 if you are at least 55 years old. Individuals can contribute up to $3,200 pretax to their FSA per year (with an additional $500 in employer contributions allowed).
Health savings accounts (HSA) and flexible spending accounts (FSA) are programs that allow you to set aside pre-tax dollars for eligible healthcare expenses. If you’re unsure whether or not you have an HSA or FSA account, please check with your employer or insurance company.
Yes, simply select Truemed as your payment option at checkout and use your FSA or HSA card as you would any other credit card.
Yes. If you prefer to use your regular credit card, Truemed will send you instructions on how to submit for reimbursement from your HSA//FSA administrator.
The items in your Truemed Letter of Medical Necessity (“LMN”) are now qualified medical expenses in the same way a visit to the doctor’s office or pharmaceutical product is.
There are thousands of studies showing food and exercise is often the best medicine to prevent and reverse disease. Exercise qualifies as a qualified medical expense with an LMN. Food, supplements, and other wellness purchases qualify as medical expenses if they treat or prevent an illness, and a doctor substantiates the need. Your Truemed LMN satisfies all IRS requirements to make your wellness spend fully reimbursable.
There is no cost to you, as long as you are shopping with a Truemed partner merchant.
You can use your HSA/FSA dollars all year long. However, FSA dollars expire at the end of the year and unused money may not rollover into the next year. Make sure to spend the rest of your FSA dollars before December 31st — use it, so you don’t lose it!
Generally it takes 24-48 hours. In some cases, Truemed’s provider team will require additional time to issue a letter of medical necessity based on the needs associated with an individual qualification survey. If you aren’t seeing your letter in your inbox, check spam, then reach out to us at support@truemed.com for help.
Unfortunately, Truemed’s services are for individuals who have HSA or FSA accounts (or plan to fund one during open enrollment). We encourage you to ask your employer about information on your HSA or FSA!