Buy Gym Equipment with FSA/HSA Funds
Snode has teamed up with Truemed, now accepts HSA (Health Savings Account) and FSA (Flexible Spending Account) funds. That means you can invest in high-quality fitness equipment while using pre-tax dollars to maximize your savings.
TrueMed is a payment solution that allows you to use your HSA/FSA funds to purchase eligible fitness and health products. They make the process easy, so you can focus on your training without worrying about complicated paperwork.
If you're signed in to ShopPay, check out as a guest
lf you're logged into your ShopPay account, make sure to select the "CheckOut as a Guest" option. TrueMed payments are not processed throughShopPay, so this step is essential to use your HSA/FSA funds.
How to Use Your HSA or FSA at Snode
Take a brief health survey
Fill out the HSA/FSA evaluation form. If eligible, pay $30 to receive a review from a licensed practitioner who can issue your Letter of Medical Necessity. If you are ineligible, you pay nothing.
Complete checkout through Truemed
Work with your coach and continue paying as you usually do with credit/debit, then submit receipts for reimbursement!
We recommend paying with a credit/debit card, and then reimbursing yourself with HSA/FSA funds after checking out for the best chance of success.
Receive your Letter of Medical Necessity
A Truemed independent licensed provider will review your form and, if appropriate, will create and send over the Letter of Medical Necessity (generally within 24-48 hours). You will receive your LMN in an email that looks like this, along with instructions on how to obtain reimburse.
Your LMN is valid for 12 months. If you ever have trouble with reimbursements or have any questions about the process, you can email the Truemed team at support@truemed.com.
How does using my HSA/FSA account save me money?
HSA and FSA accounts let you use pre-tax dollars on eligible health expenses. That means more buying power for the tools that help you move better, recover faster, and perform at your best.
Instead of paying taxes on your income first, qualified customers can put those pre-tax funds directly toward their health.
Annual Contribution Limits:
- HSA: Up to $4,150 for individuals / $8,300 for families (add an extra $1,000 if you're 55 or older)
- FSA: Up to $3,200 (plus up to $500 in employer contributions)
Every dollar goes toward your health.
FAQs
Both Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) allow you to set aside pre-tax dollars for qualified medical expenses. Here’s how they differ when it comes to fitness equipment.
HSA (Health Savings Account):
An HSA must be paired with a high-deductible health plan. The funds roll over year after year with no “use it or lose it” requirement. You own the account, even if you change employers. HSAs can be invested for long-term growth and offer higher annual contribution limits than FSAs.
FSA (Flexible Spending Account):
An FSA is offered through your employer and typically has a “use it or lose it” policy, though some plans allow a small rollover or grace period. These accounts have lower annual contribution limits, and funds are only available while you’re employed with that company.The Bottom Line for Fitness Gear: The key difference for purchasing fitness equipment is that HSA funds don’t expire, giving you more flexibility to save up for bigger purchases.
Generally, home exercise equipment purchased solely for overall fitness and wellbeing isn’t covered by your HSA or FSA However, if the item is considered medically necessary as part of a treatment plan for a specific condition, it may be covered — but only with a Letter of Medical Necessity (LOMN) from a licensed healthcare provider.
This means that you’ll need to:
Consult with your doctor, who will evaluate if exercise equipment is essential for managing or treating your specific health condition.
Obtain a Letter of Medical Necessity (LOMN), which outlines how the equipment will help improve, treat, or maintain your health based on your medical needs.
Without this documentation, exercise equipment typically won’t qualify for HSA or FSA funds. Remember, the purchase must directly support the treatment or management of a medical condition, not just general fitness goals.
- Save Money – Use pre-tax dollars to reduce your out-of-pocket expenses.
- Fast & Easy – No complicated forms or long reimbursement processes.
- Invest in Your Health – Purchase top-tier fitness equipment to support your training and recovery.
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.