Maximize Your HSA and FSA: A Guide to Eligible Health Expenses

Are you making the most of your HSA or FSA funds? Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are great tools for saving on qualified healthcare expenses using pre-tax dollars. But many people don’t realize the wide range of health purchases that may be eligible for qualified customers. From fitness tools to preventive care essentials, we'll show you how to use these accounts to benefit both your health and your budget. Truemed makes it easy for you to take control of your health by simplifying the use of HSA and FSA funds.

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are tax-advantaged tools that let you set aside pre-tax money for eligible healthcare expenses. Whether you're managing a chronic condition or investing in preventive health, these accounts can significantly reduce what you spend on qualified medical purchases.

The key advantage: every dollar you spend through an HSA or FSA goes further because it hasn't been taxed. That translates to real savings on everything from prescription medications to proactive health equipment.

The IRS defines eligible expenses as products or services that diagnose, treat, mitigate, or prevent a medical condition. While most people know that doctor visits and prescriptions qualify, many don't realize the full scope of HSA/FSA-eligible purchases, which can include:

• Fitness and recovery equipment
• Supplements
• Red light therapy devices
• Blood pressure monitors and other health tracking tools
• Cold therapy equipment
• First-aid kits and at home care essentials

When a product isn't automatically eligible, a Letter of Medical Necessity (LMN) from a licensed clinician can unlock eligibility provided the item treats, mitigates, or prevents a diagnosed health condition. Always verify with your HSA/FSA provider or the IRS eligibility list before purchasing.

Truemed* specializes in helping you maximize your HSA and other health-related benefits (such as an FSA):

• First, you can check whether a product or service is normally considered a qualifying medical expense or whether you might need an LMN.
  
• Complete a health intake survey that will be reviewed by an independent licensed clinician.
  
• Buy the item; either pay directly with your HSA/FSA card at checkout, or pay with a regular credit/debit card and seek HSA/FSA reimbursement afterward.
• The independent licensed practitioner will review your medical history, and if you qualify, will issue an LMN. Truemed itself does not make eligibility determinations.
• Truemed also offers support in the event you get a denial of reimbursement and need to provide substantiation documentation.

*Truemed is for qualified customers. HSA/FSA tax savings vary. Learn more at truemed.com/disclosures

FSA accounts often follow a use-it-or-lose-it policy, meaning unspent funds don't roll over. Before year-end, review your balance and identify eligible purchases you can make like health monitors, first-aid supplies, or other items you'll need in the coming months.

Budgeting for anticipated health expenses throughout the year helps you avoid last-minute spending and ensures your funds go toward products that treat or prevent a diagnosed medical condition. Consider upcoming prescriptions, equipment needs, or preventive care tools when planning your HSA/FSA contributions.

Truemed offers a curated selection of potentially HSA/FSA-eligible products aligned with proactive healthcare goals, making it easy to plan and spend wisely.

HSA/FSA-eligible products are available at a wide range of retailers, including:

• Online: Amazon, CVS, and Walgreens all feature dedicated HSA/FSA shops with filters to quickly identify eligible items.
• In-store: Most major pharmacies carry clearly labeled HSA/FSA-eligible sections.
• Truemed partner brands: Truemed integrates directly with thousands of health brands, making it easy to identify and purchase eligible products at checkout.

Pro tip: Keep all receipts and documentation for your purchases, especially for items like supplements that may require an LMN. Staying organized helps you avoid reimbursement issues and keeps your spending compliant.

Your HSA or FSA is more than a healthcare payment tool. It's an opportunity to invest in your long-term health with pre-tax dollars. By understanding the full range of eligible expenses, planning ahead, and using platforms like Truemed to simplify the process, you can make every dollar count.

Explore Truemed's eligible product selection and take the first step toward smarter, more proactive healthcare spending.