Can you use your HSA to buy a treadmill?

Asked by: Lois Ziemann  |  Last update: August 17, 2023
Score: 4.2/5 (14 votes)

A treadmill may be eligible for reimbursement with a Letter of Medical Necessity (LMN) with a flexible spending account (FSA), health savings account (HSA) and health reimbursement arrangement (HRA).

Can I use my HSA for Planet fitness?

General fitness expenses are not eligible but if your doctor or nurse specifically gives you an exercise regimen to carry out, the costs of the gym can be taken care of as part of your plan.

Can I buy a peloton with my HSA?

Can I buy a Peloton bike with my HSA? Can I use my HSA for a gym membership? Treadmills, gym memberships, and peloton bikes are not eligible HSA or FSA expenses. However, if you have a Letter of Medical Necessity from your doctor that requires you to exercise, you might be able to use HSA or FSA funds for those.

Can you buy health equipment with HSA?

The government only allows these tax advantages if you use your HSA money for qualified medical expenses. These costs generally include payment to doctors or dentists, prescriptions, imaging such as MRIs, medical services (such as home care) and medical equipment or supplies.

Is a treadmill covered by insurance?

The first step is to demonstrate that the treadmill, or any other exercise equipment for that matter, is actually a qualified medical necessity. To do this, you'll need to secure a Letter of Medical Necessity (LMN) from your physician. This would be the same for qualifying fitness coaches or workout plans.

Can I use my FSA to buy a treadmill?

25 related questions found

Can a doctor write a prescription for a treadmill?

Yes, it could — if you prove the expense is medically necessary. General fitness expenses don't qualify for HSA/FSA use, but things change when a physician or nurse practitioner prescribes an exercise regimen. For example, a physician might prescribe weight training or aerobic activity to lower blood pressure.

Can a doctor prescribe a treadmill?

If a doctor recommends a treadmill as a means of treating or preventing a medical condition, the LMN he/she provides must outline how the treadmill will be used to alleviate the issue and how long the treatment will last.

Can I buy Apple Watch with HSA?

This is because according to the IRS, fitness trackers are used to promote what the IRS terms “general health”. Expenses under this general health definition are not considered HSA eligible expenses.

Can HSA pay for massage?

Massages with a doctor's note of necessity

In certain cases, the massage is deemed medically necessary, and can be classified as a qualified medical expense. In a case like this, accountholders can use their HSA to pay for the massage.

What common items are HSA eligible?

The following 18 items are examples of now-qualified medical expenses:
  • Acne treatments.
  • Allergy medication.
  • Aspirin.
  • Band-Aids.
  • Breathing strips.
  • Cold and cough medicine.
  • COVID-19 tests.
  • Eye drops.

Can I buy workout shoes with HSA?

Health Savings Accounts (HSAs), and Flexible Spending Accounts (FSAs) can be great cost-savings tools. You can use them to reimburse yourself for eligible health care, medical aids, and even diabetic footwear or orthopedic shoes.

Does FSA cover treadmills?

If you have a letter from a medical professional stating that exercise equipment is a medical necessity, your FSA can cover it. They can pay for equipment like treadmills, weights, and resistance training equipment.

Are exercise bikes covered by HSA?

To use funds from your HSA to pay for an electric bike or really any similar exercise equipment, you will need to have been diagnosed with a medical condition. Once diagnosed your physician can provide you with a letter of medical necessity.

Can you use HSA for teeth whitening?

What Dental Services are Not Covered by My HSA? Cosmetic procedures, like teeth whitening, are not covered by your HSA funds. Neither are dental products like dental floss, toothbrushes, toothpaste, or mouthwash. Those products are out of pocket expenses.

Can you use HSA for pets?

HSA funds can't be used to pay for a normal pet's veterinary care, prescriptions, or other medical expenses. However, HSAs can be used to pay for healthcare costs for service animals, because those expenses are related to people's disabilities.

Is toothbrush HSA eligible?

Toothbrushes are not eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), health reimbursement accounts (HRA), dependent care flexible spending accounts and limited-purpose flexible spending accounts (LPFSA) because they are general health products.

Can I pay for yoga with my HSA?

Yoga: HSA Eligibility

Yoga may be eligible for reimbursement with a Letter of Medical Necessity (LMN) with flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA).

Can I use my HSA for Botox?

Botox: HSA Eligibility

Botox injections are not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA) health reimbursement arrangement (HRA), dependent care flexible spending account (DCFSA) or a limited-purpose flexible spending account (LPFSA).

Can I use my HSA for a chiropractor?

Yes, chiropractic care is considered an eligible medical expense for HSA purposes, provided it's used to treat or manage a diagnosed medical condition. You can't use your HSA to pay for chiropractic care for general wellness purposes.

Can I buy Gatorade with my HSA card?

Rehydration sports drinks, such as Gatorade, and solution with dietary supplements other than electrolytes are not eligible.

Can I add my HSA to Apple pay?

You can add your Health Savings Account Debit Mastercard to Apple Pay. Even if you've left your HSA card at home, you can use Apple Pay to help pay for qualified medical expenses (wherever Apple Pay is accepted)..

Can I use HSA to buy stocks?

Key takeaways. Health savings accounts (HSAs) are tax-advantaged1 accounts that allow you to pay current bills, save for future medical expenses, and also invest in a variety of stocks, bonds, and mutual funds.

Does walking on a treadmill count?

So in the end, yes, it would count as a workout, but the most important thing is that you did something for yourself.

Is treadmill considered working out?

Treadmills are mostly used for cardio training. However, this fitness machine can be used for more boosting your cardiovascular health. It's ideal for strengthening your muscles, including glutes, thighs, and calves. With treadmill workouts, you can always optimize the sessions to suit your goals.

Is walking on a treadmill considered high impact?

Running or jogging on a treadmill delivers a high-impact workout, which can keep your bones healthy and strong. But you can also get a lower-impact workout by walking on a treadmill. And the moving belt absorbs some of the shock you would experience while running outside or on an indoor track.