Title: How to Spend Your Pre-Tax Health Dollars

Are you seeking ways to allocate your pre-tax health funds? There is positive news for you. You now have the option to utilise your pre-tax funds for the purchase of healthful foods, gym memberships, and fitness trackers. This initiative aims to advocate for the prioritisation of health and well-being among Americans.

Daily Harvest, a meal kit company, recently declared its acceptance of HSA and FSA funds this year. The company’s collaboration with Truemed, a service that assists eligible businesses and clients in determining their eligibility to spend HSA and FSA funds on specific health-related products and services, has facilitated this move.

In addition to Daily Harvest, Truemed has partnered with several health and fitness companies such as CrossFit, Barry’s, CorePower Yoga, InsideTracker, and Viome. These partnerships create new opportunities for individuals to use their pre-tax health funds to initiate positive lifestyle changes.

Truemed has, up to now, partnered with only a handful of food retailers, including Sakara, a plant-based food delivery service. However, plans to unveil additional partnerships with major food brands in the near future indicate that more options will soon be accessible for individuals looking to make healthy food choices with their pre-tax health funds.

The process begins by visiting the Truemed website and accessing the “where to shop” portal. Shopping by category, which includes healthy food, supplements, fitness, health tech, saunas and cold plunges, sleep and home, or mental health, allows you to explore various options. Selecting a company website that states “HSA/FSA eligible with Truemed” will direct you to a form to determine your eligibility. Once approved, Truemed will generate a “letter of medical necessity” from a doctor, converting your desire to acquire healthy products into a food or exercise prescription.

Upon approval, payment for food, membership, or other items can generally be made using a PayFlex card. Alternatively, payment can be made using a credit card, and then the receipt and proof of medical necessity can be submitted through your HSA/FSA accounts for reimbursement. In most cases, there is no cost to the consumer, though some merchants may require a small fee.

Co-founder of Truemed, Calley Means, has underscored the importance of utilising HSA and FSA funds for prevention rather than treatment. She pointed out that many account holders are unaware of the federal law that permits the use of pre-tax health funds for nutritious meals and gym memberships.

The scope of items that can be purchased with pre-tax health funds is not limited to food. Websites like HSA Store and FSA Store also offer an array of gadgets and surprising items, including menstrual products, heating pads, home first-aid kits, massagers, and acne and skin-care treatments, that can be bought with tax-free funds. This expands the possibilities for individuals looking to put their health and well-being at the forefront.

Extending this initiative, various gym companies, such as CrossFit and OrangeTheory, have also formed partnerships with Truemed to make fitness expenses eligible for pre-tax health funds. This reflects the changing attitude towards exercise, recognising it as an integral part of healthcare rather than just a form of recreation.

In conclusion, the opportunity to use pre-tax health dollars for healthy foods, fitness memberships, and other health-related products is a stride in the right direction towards motivating individuals to prioritise their health and well-being. Ultimately, this move could contribute to a healthier and more productive society, granting individuals the freedom to adopt a healthier lifestyle with the assistance of their pre-tax health funds.