Pay with pre-tax dollars to save an average of 30%**
Qualified customers can use HSA/FSA funds on Schwinn Fitness bikes, ellipticals, and treadmills through Truemed.
Checking out with Truemed is easy!
1. Add products to cart
Add any eligible product to your cart. Not sure which items are eligible? Check out the list below.
2. Choose Truemed at checkout
Find the Truemed logo during checkout. Exit the "Shop Pay" pop-up if prompted.
3. Answer a few quick questions
Take a private health survey. A licensed provider will review your answers to determine eligibility.
4. Check out with your HSA/FSA
Pay with your HSA/FSA card or a credit card. If you use a regular credit card, follow the guide included with your LMN to submit your purchase for reimbursement.
HSA/FSA accounts were created so individuals could use pre-tax money to pay for expenses used to treat, mitigate, or prevent a diagnosed medical condition.
Because HSA/FSAs use pre-tax money, you’re getting more purchasing power for your dollars. Rather than pay taxes on income and then spend it on health items, qualified customers can use pre-tax funds to invest in root cause interventions.
At Truemed, we believe that investing in your health is far more valuable than waiting to spend on sickness. By unlocking pre-tax HSA/FSA spend on research backed interventions such as fitness, supplements, and health technology, we’re shifting healthcare spend toward true medicine.
HSA/FSA Eligible Products
Schwinn Fitness HSA/FSA eligibility
What is HSA/FSA and can I use it here?
What is HSA/FSA and can I use it here?
HSA (Health Savings Account) and FSA (Flexible Spending Account) are pre-tax health benefit accounts that may be used to purchase eligible health products. Schwinn Fitness has partnered with Truemed to enable qualified customers to use their HSA/FSA funds on eligible purchases. Eligibility depends on individual circumstances and is determined by an independent licensed practitioner through a clinical intake form at checkout.
Can I use my HSA/FSA at Schwinn Fitness?
Can I use my HSA/FSA at Schwinn Fitness?
Yes! Just add eligible products to your cart and proceed to checkout. Select "Pay with Truemed" as your payment method, then complete a clinical intake form. If the practitioner determines medical necessity, a Letter of Medical Necessity (LMN) is issued and your HSA/FSA payment is processed.
What if my HSA/FSA doesn't have enough funds to cover my purchase?
What if my HSA/FSA doesn't have enough funds to cover my purchase?
If your HSA/FSA balance does not cover the full purchase amount, you can pay the remainder with a credit or debit card during checkout.
Can I use my regular credit card at checkout?
Can I use my regular credit card at checkout?
Yes. If you prefer to use your regular credit card, Truemed will send you instructions on how to submit for reimbursement from your HSA/FSA administrator.
Can I use HSA/FSA funds to pay for my product alongside another discount code?
Can I use HSA/FSA funds to pay for my product alongside another discount code?
Yes, you can use discount codes on transactions that use an HSA/FSA as payment.
Do I need to take Truemed's survey every time I make a purchase?
Do I need to take Truemed's survey every time I make a purchase?
No. Once you're approved and receive an active LMN, you can use it for future eligible Schwinn Fitness purchases within its valid period.
Are there fees associated with using Truemed's services?
Are there fees associated with using Truemed's services?
There is no cost to you, as long as you are shopping with a Truemed partner merchant like Schwinn Fitness.
When should I use my HSA/FSA dollars?
When should I use my HSA/FSA dollars?
You can use your HSA/FSA funds all year long. However, FSA dollars expire at the end of the year and unused money may not rollover into the next year. Make sure to spend the rest of your FSA dollars before December 31st so you don't lose it!
What is a Letter of Medical Necessity?
What is a Letter of Medical Necessity?
A Letter of Medical Necessity (LMN) is a formal document that a licensed healthcare provider writes to explain why a specific treatment, product, or service is essential for a patient's health. Health insurance providers, health savings accounts (HSAs), or flexible spending accounts (FSAs) may request an LMN before reimbursing an expense.
Exercise is recognized as a qualified medical expense when accompanied by a Letter of Medical Necessity (LMN). Your letter can be used to support reimbursement from your HSA/FSA administrator.
How long does it take for me to receive my Letter of Medical Necessity?
How long does it take for me to receive my Letter of Medical Necessity?
Generally, it takes 2-5 hours, but you can place your order while you wait. In some cases, Truemed's provider team will require additional time to issue an LMN based on the needs associated with an individual qualification survey. If you aren't seeing your letter in your email inbox, check spam, then reach out to Truemed at support@Truemed.com for help.
I don't have an HSA/FSA, can I still benefit from Truemed?
I don't have an HSA/FSA, can I still benefit from Truemed?
Unfortunately, Truemed's services are for individuals who have HSA or FSA accounts (or plan to fund one during open enrollment). We encourage you to ask your employer about information on your HSA or FSA!
**Truemed is for qualified customers. HSA/FSA tax savings vary. Learn more at truemed.com/disclosures.
