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How does using my HSA/FSA save me money?
HSA and FSA accounts were created so individuals could use pre-tax money to pay for expenses that treat, mitigate, or prevent a diagnosed medical condition.
Because HSA and FSA funds are pre-tax, you get more purchasing power for your dollars. Rather than paying taxes on your income and then spending it on health items, qualified customers can use pre-tax funds to invest in root-cause interventions.
Frequently Asked
Questions
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 paying taxes on income and then spending 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 ).
There is no cost to you, as long as you are shopping with a Truemed partner merchant.
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.
You can use your HSA/FSA dollars all year long. However, most 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 to ensure you don’t lose it.
Once your order ships, you'll receive a tracking number via email to monitor your delivery.
Yes, if qualified. Simply select Truemed as your payment option at checkout and use your FSA or HSA card as you would any other credit card. If you do not have sufficient HSA/FSA funds, you can split your payment between your credit card and HSA/FSA card. Truemed is for qualified customers. HSA/FSA tax savings vary. Learn more at truemed.com/disclosures.
Generally, it takes 2-5 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.
Yes. If you’d like to use your regular credit card, simply select that in Truemed checkout. After your purchase, Truemed will email you instructions on how to submit the receipt to your HSA/FSA administrator for reimbursement.
