With Everfit’s new partnership with Truemed, you can save money by using your HSA (Health Savings Account) or FSA (Flexible Spending Account) to reimburse the cost of training with eligible coaches.
Here’s what you need to know.
What is an HSA/FSA account?
HSA and FSA accounts are tax-free accounts that help you save on qualified health expenses:
HSA: Funds are tied to high-deductible health plans and don’t expire.
FSA: Funds expire at the end of the calendar year, and elections are made annually.
Check with your employer or HR department to see if you have access to an HSA/FSA account. These accounts are only available to U.S.-based individuals and not for self-employed individuals without prior HSA/FSA accounts.
How does the Truemed partnership work?
Apply for eligibility
Truemed works with licensed practitioners to determine if your training expenses qualify as medical expenses. If approved, you’ll receive a Letter of Medical Necessity. You can apply for eligibility here.
Pay for training
Use your regular credit or debit card to purchase training packages with your coach via Everfit Payments.
Reimburse yourself
Submit the receipt and your Letter of Medical Necessity to your HSA/FSA administrator to get reimbursed.
You can access HSA/FSA information from the package details by clicking the "HSA/FSA Eligible" link, which will direct you to the HSA/FSA information page.
You can now check your HSA/FSA eligibility with Truemed. Click the "Get Started" button to apply.
Why use HSA/FSA for coaching?
Using pre-tax funds means you’re saving money. You avoid paying taxes on income used for qualified health expenses, giving you more value for your dollars.
For example: Contributing $4,150 annually (individual limit) can save you $1,000–$2,000, depending on your tax rate.
What is a Letter of Medical Necessity?
This is a document issued by a licensed practitioner confirming that your training expenses are medically necessary to treat, mitigate, or prevent a specific diagnosed medical condition. Most HSA/FSA administrators require this for reimbursement.
How do I get reimbursed?
Purchase your training as usual through Everfit Payments with your usual credit card.
Submit the receipt and Letter of Medical Necessity to your HSA/FSA administrator.
Wait for reimbursement. Most claims are processed within a few days, but timing depends on your administrator.
Tip: Avoid using your HSA/FSA card at checkout. Use your regular card and follow the reimbursement process for better compliance.
Frequently Asked Questions
What if I don’t have enough funds in my HSA/FSA?
You can request partial reimbursement for the amount available in your account.
What if my reimbursement is denied?
Contact Truemed support at support@truemed.com. They can help you reissue your Letter of Medical Necessity or troubleshoot the issue.
Can I use Truemed for past purchases?
Only purchases made on or after the date listed on your Letter of Medical Necessity can be submitted.
Who can use Truemed?
Only individuals with HSA/FSA accounts based in the United States.
Self-employed individuals without prior accounts or those outside the U.S. cannot use this service.
If you have more questions about the partnership or the process, please contact our support team at support@everfit.io.