In recent years, the healthcare sector has seen innovative changes designed to make medical care and products more accessible and affordable. One such innovation is TrueMed, a platform that significantly eases the process of utilizing Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) for healthcare-related purchases. This article explores TrueMed, the basics of HSA and FSA funds, and how consumers can use these funds at qualifying TrueMed stores and services.
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What is TrueMed?
TrueMed is a healthcare platform that operates at the intersection of technology and healthcare retail. It aims to streamline the purchasing process for consumers looking to buy healthcare products and services using their HSA or FSA funds.
TrueMed partners with a wide array of stores and online services, ensuring that a broad spectrum of healthcare products and services are accessible and HSA/FSA compliant.
Understanding HSA/FSA Funds
Before delving deeper into how TrueMed operates with these funds, let’s break down what HSA and FSA funds are:
Health Savings Account (HSA)
An HSA is a tax-advantaged account designed for individuals with high-deductible health plans (HDHPs). It allows them to save money, free from federal taxes, to be used specifically for medical expenses. HSAs are unique because the funds roll over year after year, and the account holder owns the account, meaning it can move with them from one employer to another.
Flexible Spending Account (FSA)
Similar to an HSA, an FSA is a special tax-advantaged account, but it’s employer-sponsored. Employees can contribute a portion of their earnings before taxes to pay for qualified medical expenses. However, FSAs have a “use it or lose it” policy, meaning funds generally need to be used within the plan year, with some plans offering a short grace period or a small carryover option into the next year.
List of TrueMed Stores & Services
TrueMed’s network includes a vast array of qualifying stores and services that accept HSA/FSA funds. Their categories of stores range from fitness to supplements and healthy food to cold plunges and saunas.
All of the following online stores have integrated Truemed into their shopping cart experience so you can pay with your HSA or FSA funds at checkout. Look for the “HSA/FSA-eligible with Truemed” link.
Aletha
Aletha Health develops tools like the Hip Hook (Mark) and the Range for relieving muscle pain and improving mobility, targeting areas stressed by daily activities. Their products aim to enhance well-being by focusing on muscle tension relief. Visit AlethaHealth.com for more info.
Apothékary
Apothékary is a brand that focuses on plant-based, natural remedies offering a “Farmacy” of supplements aimed at addressing various health and wellness needs, promoting a holistic approach to self-care. Visit Apothekary.co for more info.
Armra Colostrum
Armra Colostrum is a dietary supplement that focuses on boosting immune system strength and enhancing gut health by providing high-quality colostrum, which is rich in antibodies and nutrients beneficial for overall wellness. Visit TryArmra.com now!
Blueshift Nutrition
Blueshift Nutrition offers “Superblends” that combine advanced nutritional science with delicious flavors, designed to support wellness, fitness, and specific health needs. Shop at BlueshiftNutrition.com now!
Daily Harvest
Daily Harvest delivers chef-crafted, organic meals like smoothies, soups, and bowls to your door, focusing on nutritious, easy-prep food. Visit Daily-Harvest.com now!
HigherDOSE
HigherDOSE specializes in wellness products like red light face masks, infrared sauna blankets and PEMF mats, aimed at detoxification, relaxation, and skin rejuvenation through advanced therapy technologies. Shop HigherDose.com now!
Ice Barrel
Ice Barrel offers innovative cold immersion solutions for effective cold therapy. Their signature product provides convenient and stylish access to the benefits of cold exposure therapy. Experience relief from inflammation and enhanced recovery with Ice Barrel’s refreshing approach to wellness. Shop IceBarrel.com now!
MiHIGH
MiHIGH, recognized for its infrared sauna blankets, has expanded its wellness offerings to include cold plunges, providing a comprehensive at-home therapy experience that harnesses the benefits of both heat and cold for improved health and vitality. Click here for more info.
Orangetheory Fitness
Orangetheory is a dynamic, group-based workout that combines cardio and strength training, designed to push your fitness to new levels with heart rate-based interval training. Click here for more info.
Peloton
Peloton offers an immersive fitness experience with its cutting-edge indoor cycling bikes and treadmills, providing live and on-demand classes that connect a global community of users right from their homes. Click here for more info.
Plunge
Plunge offers home ice baths and outdoor saunas that promote wellness through cold therapy and heat, enhancing recovery and relaxation. Visit plunge.com now!
Smoothie Box
SmoothieBox.com delivers pre-portioned, frozen smoothie mixes focused on nutrition and convenience, directly to your door.
The Pod Company
The Pod Company offers the IcePod, an innovative and affordable solution for ice baths designed to promote health and recovery through cold therapy. Get $10 off through this link.
Time Line Nutrition
Time Line Nutrition offers supplements focused on enhancing mitochondrial health and vitality through cellular nutrition. Visit TimelineNutrition.com to shop.
Vitapod
Vitapod is a hydration system that enhances water with vitamins, minerals, and flavors, promoting healthier and tastier drinking options. Visit VitaWorld.com now!
Working Against Gravity
Working Against Gravity (WAG) provides personalized nutrition coaching, focusing on macro tracking and flexible dieting to help clients achieve their health and fitness goals. Visit WorkingAgainstGravity.com for more details.
How to Use HSA/FSA Funds at TrueMed Stores
Using your HSA or FSA funds at TrueMed affiliated stores and services is straightforward:
- Verify Eligibility: Ensure the product or service you intend to purchase is eligible for HSA/FSA spending.
- Use Your HSA/FSA Card: If you have an HSA or FSA debit card, you can use it at checkout just like any other debit card.
- Keep Receipts: For reimbursement purposes or income tax records, always keep a detailed receipt of your transactions.
Conclusion
TrueMed provides an essential service by making it easier for individuals to utilize their HSA and FSA funds for a wide range of healthcare products and services. By bridging the gap between healthcare savings accounts and qualifying retailers, TrueMed ensures that consumers can make the most out of their healthcare dollars. As healthcare costs continue to rise, tools like TrueMed become invaluable in promoting health and wellness through more accessible and manageable means.
