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. 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. Because HSA/FSAs use pre-tax money, you’re getting more purchasing power for your dollars.

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 if you have an HSA or FSA account, please check with your employer or insurance company.

There is a small fee for using Truemed at the end of the qualification survey.

You can still submit for partial reimbursement. For example, if you purchase an eligible item for $100 but only have $60 in your account, you can reimburse $60 of your purchase with your tax-free funds (with the remaining $40 paid for as normal).

For most FSA/HSA administrators, your expenses will be approved within days of submitting your claim for reimbursement along with your receipt and a Letter of Medical Necessity. The exact timing will vary based on your administrator.