A-Team Health and Fitness Is Now FSA/HSA Eligible!
We're thrilled to announce that A-Team Health & Fitness is now making it easier for you to invest in your health while saving money. Through our partnership with TrueMed, eligible customers can now use their HSA (Health Savings Account) or FSA (Flexible Spending Account) funds for qualified fitness services.
How It Works
Confirm Your Eligibility: Fill out this 2-minute health evaluation survey to check if your plan qualifies. Please note that TrueMed charges a $30 fee for processing.
Enroll in A-Team Services: Choose from services like personal training and nutrition coaching.
Submit Your Receipt: Use TrueMed’s secure platform to upload your proof of payment.
Get Reimbursed: Enjoy the benefits of fitness while receiving reimbursement directly from your HSA/FSA provider.
Why This Matters
At A-Team Health and Fitness, we believe that fitness is a crucial component of overall health. Our collaboration with TrueMed allows eligible customers to use their HSA or FSA funds for our services, potentially saving an average of 30% through pre-tax dollars.
HSAs and FSAs are designed to help you use tax-advantaged funds for health-promoting products and services. With TrueMed's support, accessing these benefits is now more convenient than ever. By choosing A-Team, you're not only committing to your fitness goals but also making a smart financial decision for your well-being.
Ready to get started? Visit this link to learn more about eligibility and take the first step today!
Frequently Asked Questions About HSA/FSA
How does using my HSA/FSA account save me money?
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).
What are FSA and HSA accounts?
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.
How can I use my HSA/ FSA?
Simply use the regular credit card payment option at checkout, Truemed will send you instructions on how to submit for reimbursement from your HSA/FSA administrator.
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 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.
Are there fees associated with using Truemed's services?
There is no cost to you, as long as you are shopping with a Truemed partner merchant.
When should I use my FSA/HSA dollars?
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 roll over 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!
How long will it take to receive my Letter of Medical Necessity?
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.
I don’t have an HSA/FSA. Can I still benefit from Truemed?
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!