The question of whether digital health trackers can be purchased using funds from Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs) is a frequent one. These accounts are pre-tax savings plans used for eligible healthcare expenses. Whether a specific device qualifies often depends on its primary function and if it’s prescribed by a healthcare professional to treat or mitigate a specific medical condition.
The potential for using FSA/HSA funds on devices like these hinges on their capacity to improve health outcomes. Traditionally, eligible expenses included items directly related to medical care or treatment. However, with the rise of technology focused on wellness and disease management, the guidelines have become more nuanced. A Letter of Medical Necessity (LMN) from a doctor is often required to demonstrate that the device is a necessary tool for managing a diagnosed health condition, making the expense potentially eligible.
