SHOP KAATSU WITH HSA/FSA FUNDS
We've partnered with Truemed to allow you to buy our products with pre-tax HSA or FSA dollars, resulting in net savings of 30-40%.
HOW DOES IT WORK?
HSAs and FSAs were created for you to spend tax-advantaged dollars on products and services that can alleviate or prevent specific medical conditions and TrueMed is making it easy to do just that. All you have to do is add products to your cart, select TrueMed as your payment option at checkout, enter your HSA or FSA debit card, and take a quick health survey to determine eligibility.
The Truemed payment option determines eligibility and enables qualified customers to pay with their HSA/FSA funds in checkout.
Once you’re approved, that’s it! You’ll receive an order confirmation and effectively save 30-40% on your order!
ADDITIONAL INFO
Truemed is for patients for whom the selected product has been proven to prevent or reverse a condition you care about. An asynchronous health evaluation will determine eligibility and take qualified patients to payment.
If you pay with your HSA/FSA card, there's no other work you need to do (we'll send paperwork to ensure compliance). If you pay with your personal credit card, we'll send reimbursement instructions.
STEP-BY-STEP
- Add products to your cart.
- Ensure you are not signed into "Shop Pay" and don't use any accelerated checkout options (Ex: Shop Pay, Google Pay, Apple Pay).
- Select TrueMed as your payment option at checkout.
- If you pay with your HSA/FSA card, there's no other work you need to do (we'll send paperwork to ensure compliance) If you pay with your personal credit card, TrueMed will send reimbursement instructions.
FAQs
What is an HSA/FSA account?
Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) are tax-free accounts that can be used to pay for qualified health expenses. These accounts are usually set up and managed by an HSA or FSA administrator, and you should have access to said HSA/FSA administrator through your employer (ask your HR department!).
HSAs are typically associated with a high-deductible health plan, and funds do not expire. FSAs are independent of your health plan, and funds elections occur in October-November each year for the following calendar year. FSA funds expire every calendar year.
Unfortunately, HSAs and FSAs are not available outside of the US, and self-employed individuals (who do not have an HSA from a previous employment) do not qualify for HSAs or FSAs.
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/FSAs 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.
An individual can contribute up to $3,850 pretax to their HSA per year, or $7,750 for a family (plus an additional $1,000 if you are at least 55 years old Individuals can contribute up to $3,050 pretax to their FSA per year (with an additional $500 in employer contributions allowed). Almost every qualified individual will save between $1,000 and $2,000, depending on their state and tax rate.
What is a Letter of Medical Necessity?
In order to determine whether certain products or services are legitimate expenses for treating, mitigating, or preventing a diagnosed medical condition, HSA/FSA plan administrators often require a letter from a licensed practitioner. This letter is called a “Letter of Medical Necessity.”
Can I use my HSA/FSA card at checkout?
Yes! You can use your HSA/FSA card. Once you pay with your card and complete the survey, all you need to do is keep an eye out for the Letter of Medical Necessity that we will send you, and hold onto it for the next 3 years.
How long does it take for me to receive my Letter of Medical Necessity?
Generally it takes 24-48 hours. If you aren’t seeing your letter in your inbox, check spam, then reach out to us atsupport@truemed.comfor help!
If I am not approved, what happens?
If you do not qualify, you are able to reapply for HSA/FSA spending at a later date.
What if my HSA/FSA payment is rejected by my administrator?
Please contact us atteam@truemed.comso we can help you troubleshoot 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.
