-- SOLE Fitness announced a new partnership with Truemed. The collaboration enables fitness enthusiasts to use Health Savings Account (HSA) or Flexible Spending Account (FSA) funds for fitness equipment purchases. Qualified SOLE customers can rely on pre-tax dollars, potentially saving an average of 30% on their investment in health and wellness products.
For more information, visit: https://www.soletreadmills.com/pages/truemed-shop-with-hsa-fsa-funds
HSAs and FSAs are tax-advantaged accounts that allow individuals to allocate pre-tax income for qualified medical expenses. Funds in these accounts are intended for products and services that address specific medical conditions - and fitness equipment may become an eligible expense if certain IRS conditions are met.
According to IRS regulations, machines such as home treadmills can effectively be reimbursed when prescribed by a healthcare provider as part of a designed treatment plan. A Letter of Medical Necessity (LMN) from a licensed medical professional is the required document for this qualification. Without an LMN, fitness equipment is generally classified as a non-eligible wellness expense.
Conditions such as hypertension, obesity, arthritis, or post-surgery rehabilitation are named among a range of issues that may necessitate a treadmill, medically speaking. And an LMN can serve to validate such purchases as a medical expense for reimbursement.
SOLE Fitness is now positioned to assist customers in acquiring this documentation, often through a short online survey. The company hopes that its partnership with Truemed makes it easier for customers to ensure their purchase complies with IRS regulations for tax-advantaged funds.
To complete a purchase, customers can select the Truemed payment option at checkout and use their HSA or FSA card. Alternatively, they can pay with a standard credit card and submit the provided paperwork to their account administrator for reimbursement.
A representative from SOLE Fitness added: “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.”
About SOLE Fitness
SOLE Fitness is a manufacturer of residential and light commercial fitness equipment, including treadmills, ellipticals, and exercise bikes. The company prioritizes quality engineering and user-friendly designs to help customers achieve their fitness goals - and its collaboration with Truemed furthers its commitment to making home gym machines more accessible for those in need.
Interested parties can browse the full SOLE Fitness product selection at: https://www.soletreadmills.com/
Contact Info:
Name: Inquiries
Email: Send Email
Organization: SOLE Fitness
Address: 56 Exchange Pl., Salt Lake City, UT 84111, United States
Website: https://www.soletreadmills.com/
Release ID: 89170465