Through its announced partnership with Truemed, SOLE Fitness enables customers to purchase treadmills using Health Savings Account (HSA) and Flexible Spending Account (FSA) funds – unlocking a payment method previously unavailable for fitness investments. This collaboration allows qualified customers to use pre-tax dollars for equipment purchases, achieving substantial savings as a result, says the company.
For more information, visit: https://www.soletreadmills.com/pages/truemed-shop-with-hsa-fsa-funds.
The partnership builds on regulatory standards established by the IRS, which defines medical expenses as costs for the diagnosis, cure, mitigation, treatment, or prevention of conditions that impact function. Fitness equipment qualifies under these guidelines when deemed medically necessary – a determination supported by a Letter of Medical Necessity (LMN) from a licensed healthcare provider.
Truemed streamlines the initial qualification process by connecting customers with licensed practitioners, who review a brief health survey and issue an LMN within 24 to 48 hours. While Truemed’s LMN fee may vary with other partners, SOLE Fitness now covers this cost for its customers – making the purchase experience comparable to using a standard credit card during the checkout stage.
As such, SOLE Fitness customers can use their health accounts to buy a range of equipment, covering treadmills, ellipticals, bikes, strength machines, rowers, and other exercise products available through its Truemed partnership page.
Specific models are explicitly identified as eligible via SOLE’s website, giving customers clarity on which products qualify for pre-tax purchasing. This breadth of eligible equipment allows individuals to build complete home gym setups while maximizing their health account benefits.
Their spokesperson explained: “At SOLE Fitness, we believe exercise can be medicine, and our new partners at Truemed agree. Through our collaboration, eligible customers can now use Health Savings Account (HSA) or Flexible Spending Account (FSA) funds on SOLE products – this means you may be eligible to buy your favorite exercise equipment with pre-tax dollars, resulting in net savings of 30% on average.”
Understanding account rules helps customers optimize their purchasing decisions, particularly regarding pertinent fund expiration policies. Accordingly, SOLE Fitness has published a resource detailing the policy and its agreement with Truemed in full. Crucially, the document notes that unlike FSA dollars, HSA funds roll over annually and accumulate without expiration – providing flexibility for year-round equipment purchases and long-term health investments without deadlines.
Interested parties can find additional details about the partnership and begin shopping with HSA or FSA funds at: https://www.soletreadmills.com/.
SOLE Fitness
56 Exchange Pl.
Salt Lake City
UT
84111
United States
