Through our partnership with Truemed it’s never been easier to use your Health Savings Account (HSA) or Flexible Savings Account (FSA) for eligible products. Cover up to 90% of the mattress price or 100% of an adjustable base with pre-tax HSA/FSA dollars.
How It Works
Complete your purchase in store
Use your normal payment method to complete your purchase.
Take an online health survey
A sales rep will provide you with a link to a brief telehealth survey, which will be reviewed by a licensed practitioner for a free evaluation.
Submit for reimbursement
If you qualify, you’ll be emailed a Letter of Medical Necessity plus instructions on how to submit for reimbursement to your HSA/FSA provider.
Online
Chat with one of our sales agents to learn more or go to https://app.truemed.com/qualify/tm_qual_0df8rkacme to get pre approved.
Over 95% of customers are approved to use their HSA/FSA account for partial payment on their mattress.
FAQ’s
What are FSA and HSA accounts?
Health savings accounts (HSA) and flexible spending accounts (FSA) are programs that allow you to set aside pre-tax dollars for eligible healthcare expenses. If customers are unsure whether or not they have an HSA or FSA account, they can check with their employer or insurance company.
How does using an HSA/FSA account save customers money?
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 $4,300 pretax to their HSA per year, or $8,500 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).
Can customers use an HSA/FSA card at Big Sandy Superstore?
Customers can make their purchase using either a regular credit card or financing. Afterward, they can submit the receipt along with the Letter of Medical Necessity provided by Truemed to their administrator for reimbursement.
Do customers have to use a credit card to get reimbursed?
Or can they use Financing and get reimbursed?
The customer can pay with whatever payment method they prefer and reimburse themselves after their purchase with their LMN.
How long does HSA or FSA reimbursement take?
For most FSA/HSA administrators, expenses are approved within days of submitting a claim for reimbursement along with the receipt and a Letter of Medical Necessity. The exact timing will vary based on the administrator.
Are there fees associated with the Truemed HSA/FSA option?
There is no cost to customers!
