save 20-40% on pilates/gyrotonic using your fsa/hsa
save 20-40% on your pilates & gyrotonic sessions at evolve
Your future payments might be eligible for reimbursement through FSA/HSA funds.
Exercise is medicine and can often count for tax-free spending - saving an average of 30%.
We've always found it frustrating (and complicated) trying to use our FSA or HSA funds for essential items that should qualify. That's why we're working with TrueMed - a company devoted to driving FSA/HSA spending to products that are scientifically proven to improve metabolic health.
TrueMed will handle all the intricacies of using your FSA/HSA funds on your behalf, making the entire checkout process seamless and hassle-free.
If TrueMed determines that fitness can help prevent or reverse a health condition you care about (making it eligible for FSA/HSA), they will send you a Letter of Medical Necessity (LMN).
Once you are approved, just submit your future receipts and LMN to your FSA/HSA provider for reimbursement. Truemed guarantees reimbursement.
TrueMed will send instructions to get reimbursed and their customer support team will be available to assist. Truemed guarantees reimbursement once qualified.
“the process was very simple and easy. I wanted to make sure it worked before sharing the news with our client community. I got my own letter of Medical necessity, submitted a receipt for Pilates and Gyrotonic (yes, I am a client myself), submitted the receipt to my HSA and had my reimbursement in my bank account within 2 days. ”
—Martine Dedek, Studio Evolve Owner
FAQs
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Truemed will charge you $30 at the end of the survey (an amount paid back if you reimburse just $100 in payments. The Letter of Medical Necessity is valid for one year.
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When we say you can save 30%-40%, that is the amount you save by reimbursing yourself with tax-free HSA/FSA funds. Your savings are equal to your income tax rate.
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No, you still pay Studio Evolve the same way - Truemed enables you to reimburse your payments to you with FSA/HSA funds - and you simply need to do that once per calendar year. There are instructions for how you can do that here.
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Truemed has outlined some answers here.
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No, you need to receive your Letter of Medical Necessity first, and it will apply to all payments made going forward, but not retroactively.
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This definitely covers Pilates and Gyrotonic sessions as they are clearly exercise and that is primarily what this process with Truemed is focused on. Pilates, Gyrotonic and exercise in general have been covered under HSA/FSA guidelines, this process just makes it faster and easier to administer.
Breathwork and SPRE Bodywork are in a bit of a gray area for whether or not they are covered by this Letter of Medical Necessity.
To be super clear about coverage, we recommend you get a separate Prescription or Letter of Medical Necessity for SPRE Bodywork specifically.