If you're building out a home gym, the first piece of equipment you need is a set of weights. While I'm a huge fan of adjustable dumbbells as a savvy cost-saving hack, there's another place to turn to save money on your home gym arsenal: Your FSA/HSA funds.
Like with using your health funds to buy wearables and fitness trackers, the secret to unlocking FSA/HSA eligibility for fitness equipment lies in obtaining 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 it will be used to treat a legitimate medical condition, such as obesity or a heart condition. As long as you submit an LMN to your benefits administrator, it will most likely be covered. Without this letter, the IRS considers fitness equipment a general wellness expense, making it ineligible for tax-advantaged health account funds.
When you're checking out your eligible purchases on Nike's site, you'll see the option to “Pay With Truemed” at checkout. From there, as Truemed explains it, you'll be asked you a few questions about your health circumstances, and you’ll be matched with a provider to determine your eligibility. This covers your fitness goals, any relevant health conditions, and how the equipment will support your wellness objectives.
Once approved, you can complete your purchase knowing it's fully FSA/HSA eligible. If you do not qualify, you may cancel your order at any time prior to delivery.
These Nike weights qualify for FSA/HSA funds
Alpha home gym setup
Nike curl bar bundle
Again, these products qualify because they support specific health outcomes including muscle building, cardiovascular health improvement, and joint stability enhancement. The key is proving you need them for some specific health and fitness purposes, rather than general recreation.
The bottom line
Your FSA and HSA funds were designed to support your health and wellness, and if you play your cards right, that support could extend to building the home gym with Nike strength equipment. Nike and Truemed clearly mark which products qualify for FSA/HSA funds, but you do need to prove your eligibility. Some employers' FSA administrators may scrutinize purchases more closely, but Truemed's LMN system could be your saving grace. Just remember: The most important aspect of shopping with HSA funds is record-keeping. Make sure to keep every receipt—and LMN—for every HSA purchase you make.
Hence then, the article about you can buy these nike weights with your fsa or hsa was published today ( ) and is available on Live Hacker ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( You Can Buy These Nike Weights With Your FSA or HSA )
Also on site :