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Save 30% on average when you use pre-tax HSA/FSA funds for RUNsource!
Exciting news! RUNsource has partnered with Truemed allow you to use your Health Savings Account (HSA) or Flexible Savings Account (FSA) to reimburse your RUNsource membership, if eligible!
This means that you will have access to all our injury programs, yoga classes, strength programs, recipes and information on out knowledge hub
with pre-tax dollars, resulting in a net savings of 30% on average for you.
How Does it Work?
The process is simple - Truemed will send you reimbursement instructions following your payment.
1. Purchase RUNsource app on the Apple Store or Google Play
Do not use your HSA/FSA card at check out. After your purchase, check your confirmation screen or email recipt link to Truemed.
2. Complete Health Assessment
Take a 2 minute, private health survey from Truemed that will be reviewed by a licensed practitioner for $30. Pay with your HSA/FSA card at checkout.
If eligible, Truemed's licensed practitioners will issue you a Letter of Medical Necessity (similar to a doctor writing a prescription). The letter can cover 12 months of reimbursements!
3. Submit for HSA/FSA Reimbursement
Truemed will send you your letter and instructions to obtain reimbursement from your HSA/FSA administrators. Submit your letter and RUNsource app charge to your HSA / FSA and get your dollars back!
What is an HSA / FSA?
Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs) are all pre-tax accounts used to pay for medical expenses, but they differ in several ways.
HSAs require enrollment in a high-deductible health plan and allow contributions from both individuals and employers, with unused funds rolling over each year.
FSAs are offered by employers, funded by employee contributions, and may have limited rollover options or a grace period for using funds. HRAs are also employer-sponsored but solely funded by employers, with rollover rules varying by the employer's plan.
HSAs are portable and stay with you if you change jobs, while FSAs and HRAs are not portable.
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 their health.
An individual can contribute up to $4,150 pretax to their HSA per year, or $8,300 for a family (plus an additional $1,000 if you are at least 55 years old. Individuals can contribute up to $3,200 pretax to their FSA per year (with an additional $500 in employer contributions allowed).
How does using my HSA/FSA save me money?
