How it Works
Take the 2-minute evaluation to find out if you’re eligible.
If eligible, Truemed will email you a Letter of Medical Necessity.
Once you get your Letter of Medical Necessity, Truemed will send you detailed instructions to pay with HSA/FSA funds going forward.
What is Truemed?
Truemed partners with health and wellness brands like YogaWorks to enable qualified customers to use FSA/HSA funds on health and wellness purchases. Truemed also partners with a network of medical practitioners who can issue Letters of Medical Necessity to qualifying customers, thereby saving customers money on health and wellness purchases.
Truemed is backed by best-in-class investors, including functional medicine pioneer Mark Hyman and founders from Thrive Market, Eight Sleep, and Levels.
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FAQ
Using your HSA/FSA funds on eligible products, like a YogaWorks membership, can result in significant savings. These accounts use pre-tax dollars, which means you could save up to 30-40% on average on your purchases at YogaWorks by using TrueMed.
HSA/FSA accounts were created so individuals could use pretax money to pay for expenses incurred in the prevention or alleviation of a disease. Because HSA/FSA uses tax-free money, you’re getting more purchasing power for your dollars.
Rather than pay taxes on your income and then spend it on health items, you can use pre-tax funds to invest in your health.
An individual can contribute up to $3,850 pretax to their HSA per year, or $7,750 for a family (plus an additional $1000 if you are 55+). Individuals can contribute up to $3,050 pretax to their FSA per year (with an additional $500 in employer contributions allowed). Almost every individual will save between $1,000 and $2,000, depending on their state and tax rate. Use a calculator here to estimate your savings.
Each Letter of Medical Necessity can cover multiple qualified products and can apply to YogaWorks subscription purchases. Prior subscription purchases can be reimbursed subject to rules set by HSA/FSA providers.
Each Letter is valid for 12 months before it needs to be renewed.
You can keep purchasing your YogaWorks subscription the same way you always would. Upon approval, Truemed then provides the documentation to submit with your reimbursement claim to your HSA/FSA provider. You can either submit claims individually or all at once at the end of the year.
While the exact policy depends on your specific HSA or FSA administrator, we generally advise that you submit expenses incurred on or after the date listed on your Letter of Medical Necessity.
You have the option to request a letter of medical necessity directly from your doctor. Once obtained you will need to submit your reimbursement claim to your HSA/FSA provider.
