Exciting news – we’ve partnered with TrueMed to allow you to use your Health Savings Account (HSA) or Flexible Spending Account (FSA) at Alpha1 Personal Training. Since personal training and nutrition programming are now considered to be very beneficial tools for one’s mental and physical health, some FSA and HSA accounts are now viewing these services as health and medical expenses.
What is TrueMed?
TrueMed is on a mission to make healthy options more affordable. You can learn more about TrueMed at their website here.
HSAs and FSAs were created for you to spend tax-advantaged dollars on products and services that can treat or prevent medical conditions and TrueMed is making it easy to do just that.
How It Works
Use your HSA/FSA in 3 simple steps:
- Complete a short survey to determine eligibility.
- Receive a Letter of Medical Necessity delivered from Truemed.
- Submit your Letter of Medical Necessity with your subscription receipt/invoice to your HSA/FSA provider for reimbursement. (we can help you with this documentation)
FAQs
How does using my HSA/FSA account save me money?
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/FSA’s use pre-tax money, you’re getting more purchasing power for your dollars. 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.
How long does the approval process take for a customer to get a Letter of Medical Necessity?
The intake form has only a few questions. No live consultation with a doctor is required. If eligible, approval takes 24-48 hours. Truemed will then provide a Letter of Medical Necessity via email.
How long is the Letter of Medical Necessity good for?
Each Letter is valid for 12 months before it needs to be renewed.
What if my reimbursement is rejected by my HSA/FSA administrator?
Please contact team@truemed.com for assistance troubleshooting the issue. HSA/FSA plan administrators often have detailed requirements, so it may be as simple as re-issuing your Letter of Medical Necessity using the administrator’s form.
Use your HSA/FSA funds for Personal Training/Nutrition Services
Please reach out to our Program Director at melissa@alpha1personaltraining.com if you have any questions about using your HSA/FSA or would like additional information about the process.