HSA/FSA funds

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Garmin teams up with Truemed to unlock HSA/FSA funds for fitness products
Prnewswire· 2025-10-23 11:00
Core Points - Garmin has partnered with Truemed to enable qualified U.S. customers to use pre-tax HSA/FSA funds for purchasing eligible smartwatches and cycling products, potentially saving up to 30% on select items [1][3][4] Group 1: Partnership Details - The collaboration allows customers to use pre-tax dollars for Garmin products, enhancing their purchasing power [3][4] - Eligible products include various Garmin smartwatches and fitness trackers, as well as Tacx cycling trainers and Edge cycling computers [1][2] Group 2: Financial Accessibility - The initiative aims to improve financial accessibility for health-related purchases, encouraging users to prioritize their health and fitness goals [3][4] - HSA/FSA accounts represent a significant funding source, with an estimated $140 billion available for qualified Americans to address chronic health conditions [9] Group 3: Process for Reimbursement - Customers can complete a health assessment to determine eligibility for reimbursement, receiving a Letter of Medical Necessity (LMN) within 1-2 days [8] - The reimbursement claims process typically takes 2-4 weeks after submission [8]