Flexible Savings Accounts (FSA) and Health Savings Accounts (HSA) are pre-tax accounts you can use to pay for healthcare related expenses. If you’re unsure whether or not you have an HSA or FSA account, please check with your employer or insurance company.
Truemed partners with certified health and wellness brands like Edge Theory Lands to enable qualified customers to use FSA/HSA funds on health and wellness purchases. Truemed partners with a network of medical practitioners who can issue Letters of Medical Necessity to qualifying customers, thereby saving customers money on health and wellness purchases. 95% of all medical spend comes after someone is already sick. True medicine is the antidote. We need products and services that keep us healthy (like The Edge Tub!!), not prescriptions that treat our illnesses. Truemed unlocks tax-free HSA/FSA funds for health and wellness merchants, making health more affordable than ever.
Using your HSA/FSA funds on eligible products, like The Edge Tub, can result in significant savings. These accounts use pre-tax dollars, which means you could save up to 30% on average on your purchases at Edge Theory Labs by using TrueMed.
The intake form is only a few questions. No live consultation with a doctor is required. If eligible, approval is instant. Truemed will then provide via email a letter of medical necessity within 24 hours.
Each letter is valid for 12 months before it needs to be renewed.
For most FSA/HSA administrators, your expenses will be approved within days when submitted with your Truemed Letter of Medical Necessity. Specific timing will vary based on your administrator.
Truemed makes your recent purchase and future subscription payments eligible for reimbursement through your hsa/fsa. Eligibility of reimbursement claims for previous orders is subject to requirements set forth by your hsa/fsa provider.
HSA/FSA accounts were created so individuals could use pretax money to pay for expenses incurred in the prevention or alleviation of a disease. Because HSA/FSA uses tax-free money, you’re getting more purchasing power for your dollars. Rather than pay taxes on your income and then spend it on health items, you can use pre-tax funds to invest in your health. An individual can contribute up to $3,850 pretax to their HSA per year, or $7,750 for a family (plus an additional $1000 if you are 55+). Individuals can contribute up to $3,050 pretax to their FSA per year (with an additional $500 in employer contributions allowed). Almost every individual will save between $1,000 and $2,000, depending on their state and tax rate. Use a calculator here to estimate your savings.
