How to Use HSA/FSA for an Electric Bike

HSA and FSA accounts let you use pre-tax dollars for qualified health expenses, including HSA/FSA eligible electric bikes when approved. That means you’re not paying income tax on that money first, which can add up to savings of up to 30%, depending on your tax bracket.

It’s a smarter way to invest in your health and your ride simultaneously.

Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) allow you to set aside pre-tax money for eligible healthcare expenses. If you’re not sure what you have, your employer or insurance provider can point you in the right direction.

Yes, if qualified. At checkout, you can select Truemed and use your HSA or FSA card just like a regular credit card.

If your balance doesn’t cover the full amount, you can split the payment between your HSA/FSA card and another card.

You can. After your purchase, Truemed will guide you through submitting your receipt for reimbursement from your HSA or FSA provider.

A Letter of Medical Necessity is documentation from a licensed provider confirming that an electric bike supports your health, mobility, or recovery.

With this letter, your MOD BIKES purchase can qualify as a reimbursable medical expense under IRS guidelines.

Yes. With a valid LMN, MOD electric bikes can qualify similarly to other health-related expenses. The process follows IRS guidelines for HSA/FSA reimbursement.

No. There’s no cost to you when you purchase from MOD BIKES using Truemed.

You can use HSA funds anytime. FSA funds, however, often expire at the end of the year.

If you’ve been thinking about it, this is a good moment to check your balance. Unused FSA funds may not roll over.

Most letters are issued within 2 to 5 hours. In some cases, it may take a bit longer depending on your submission.

If you don’t see it, check your spam folder or reach out for help.

MOD BIKES x Truemed is designed for customers with HSA or FSA accounts. If you don’t have one yet, it’s worth asking your employer during your next enrollment period.

At this time, MOD BIKES x Truemed services are only available within the United States.

We’re here for you. Whether you’re exploring HSA/FSA eligible electric bikes or ready to ride, someone from our team can help you take the next step. Schedule 1:1 virtual call.