All the Health and Fitness Products You Didn't Realize You Could Buy With HSA Funds

We may earn a commission from links on this page. In theory, you can use your FSA or HSA funds to get yourself a shiny new fitness tracker or smartwatch (even the latest Fitbit Air )—but is the process really as straightforward as the marketing suggests? Right off the bat, your HSA/FSA dollars won't be able to cover the entire purchase; instead, you'll save an average of 30 % on eligible health purchases. There is some more fine print, although it’s not as tricky as you might think. For the most part, if a device is necessary for treating or monitoring a specific medical condition—and not just “general wellness”—it could be eligible to purchase with those pre-tax health dollars. With that in mind, the main “catch” here (as I’ve previously explained ) is proving that device is in fact necessary, which requires you to obtain a Letter of Medical Necessity (LMN). Your LMN is basically a doctor's note required to classify certain purchases as qualified medical expenses under IRS guidelines, proving that the device will be used to treat a legitimate medical condition, such as obesity or a heart condition. Let’s take a look at what you can actually expect if you want to get a fitness wearable approved as a medical necessity. Google Fitbit Air $99.00 at Amazon Shop Now Shop Now $99.00 at Amazon Oura Ring 5 $499.00 at Amazon Shop Now Shop Now $499.00 at Amazon WHOOP 5.0/MG Activity Tracker - 12 Month Membership $359.00 a…