Truemed
Use Your HSA or FSA Toward Your Membership
Mi5 is partnered with a group called Truemed through CrossFit, which gives eligible members the opportunity to use their Health Savings Account (HSA) or Flexible Spending Account (FSA) dollars toward their gym membership.
If you already knew about this, consider this a friendly reminder! And if this is something you haven't heard about before, we wanted to share the information so you can see if it's an option for you.
So, what exactly us truemed?
Truemed is a healthcare payments company that helps people use their HSA and FSA funds for eligible health and wellness expenses. These accounts are typically funded with pre-tax dollars through your employer or health plan and are intended to help cover qualifying healthcare expenses. Truemed works with healthcare providers and businesses, including CrossFit gyms, to help individuals determine whether certain health and fitness expenses may qualify.
Through Truemed, you can complete a private health assessment that is reviewed by an independent, licensed healthcare provider. If the provider determines that exercise and a gym membership are medically necessary for your individual health needs, you may receive a Letter of Medical Necessity (LMN). That letter can then be used along with your membership receipts to request reimbursement through your HSA or FSA administrator.
Essentially, Truemed helps connect the dots between your healthcare benefits and your fitness membership, making it possible for eligible individuals to use money they already have set aside for healthcare toward their health and fitness goals.
How does it work?
If you have an HSA or FSA through your employer, you may be able to use those funds toward your Mi5 membership if you qualify through Truemed.
Here's how to get started:
Visit the link below and complete the Truemed health assessment.
If you qualify, receive your Letter of Medical Necessity.
Continue paying for your Mi5 membership as usual and keep your receipts.
Submit your documentation to your HSA or FSA administrator for reimbursement.
Truemed estimates that qualified customers save approximately 30% on average when using pre-tax funds, although actual savings will vary based on your individual tax situation.
Not everyone will qualify, and reimbursement is subject to your individual eligibility and HSA/FSA administrator's approval. Truemed will walk you through the process and help determine whether this is an option for you.
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