If you’re looking to invest in your health and fitness, you might be wondering: can you buy fitness equipment with an HSA? The short answer is yes, but there are some important things to know. We’ll walk you through how to use your HSA or FSA funds on Wahoo products like treadmills, bike trainers, and heart rate monitors, plus show you exactly which Wahoo products qualify.
Understanding HSA and FSA for Fitness Equipment
What’s the Difference Between HSA and FSA?
Both Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) allow you to set aside pre-tax dollars for qualified medical expenses. Here’s how they differ when it comes to fitness equipment.
HSA (Health Savings Account):
An HSA must be paired with a high-deductible health plan. The funds roll over year after year with no “use it or lose it” requirement. You own the account, even if you change employers. HSAs can be invested for long-term growth and offer higher annual contribution limits than FSAs.
FSA (Flexible Spending Account):
An FSA is offered through your employer and typically has a “use it or lose it” policy, though some plans allow a small rollover or grace period. These accounts have lower annual contribution limits, and funds are only available while you’re employed with that company.The Bottom Line for Fitness Gear: The key difference for purchasing fitness equipment is that HSA funds don’t expire, giving you more flexibility to save up for bigger purchases.
How to Check if a Product is HSA/FSA Eligible
At Checkout with Wahoo
When shopping for Wahoo products, checking HSA/FSA eligibility is simple. Start by looking for the Truemed badge on product pages, as this indicates HSA/FSA eligibility. At checkout, select Truemed as your payment method.
You’ll then complete a quick health survey that takes about 2 minutes to connect with a licensed healthcare provider. You’ll receive your Letter of Medical Necessity usually within 24 hours. After that, you can complete your purchase using your HSA/FSA card.
The Truemed platform streamlines the entire process, handling the documentation required to make your purchase compliant with IRS regulations.
General Tips for Checking HSA Eligibility
Before making your purchase, check with your HSA/FSA provider about their specific requirements. Make sure to save all documentation, including your Letter of Medical Necessity, and keep receipts for tax purposes. It’s also smart to verify your HSA/FSA card will work for the purchase before checkout.
HSA/FSA Eligible Wahoo Products
Wahoo has partnered with Truemed to make a wide range of products eligible for HSA/FSA purchases. Here are the specific products that qualify:
Smart Trainers
KICKR CORE 2 is our newest entry-level smart trainer, available in multiple configurations to fit your needs. Choose the KICKR CORE 2 with Cassette for a traditional setup, or opt for the CORE 2 with Zwift Cog and Click for virtual shifting compatibility with almost any 8 to 13 speed bike. This trainer delivers smooth, realistic resistance and accurate power measurement to elevate your indoor training.
KICKR is our flagship smart trainer featuring WiFi connectivity, Race Mode for ultra-fast power broadcasting, and precise resistance up to 2,200 watts. With its high-inertia flywheel and AXIS feet providing natural movement, the KICKR delivers the most realistic indoor cycling experience for serious athletes.
Smart Bikes
KICKR BIKE PRO redefines indoor cycling with next-generation shifter controls, integrated game controllers, and unmatched ride realism. This premium smart bike features physical gradient simulation with tilt, customizable virtual shifting, and a fully adjustable fit system that accommodates multiple riders.
KICKR BIKE SHIFT offers the legendary KICKR ride feel in a streamlined design that’s always ready to ride. With five-point fit adjustment, virtual shifting, and custom gearing options, it replicates your outdoor bike experience without the complexity.
GPS Bike Computers
ELEMNT ACE is our largest and most powerful GPS bike computer, featuring a 3.8″ touchscreen display, dual-band GPS, and up to 30 hours of battery life. The ACE includes Wahoo Wind Dynamics technology for real-time aerodynamic feedback and voice-guided turn-by-turn navigation.
ELEMNT ROAM combines a large 2.8″ high-resolution touchscreen with robust adventure-ready features. Perfect for exploration, it includes voice-guided navigation, detailed mapping, and 64GB of storage for all your routes and ride data.
ELEMNT BOLT delivers race-ready performance in a compact, aerodynamic design. With a 2.3″ high-contrast display optimized for speed and efficiency, the BOLT provides all essential data and navigation features in a lightweight package.
Heart Rate Monitors
TRACKR HR (TRACKR Heart Rate Monitor) is our newest chest strap heart rate monitor featuring advanced detection algorithms for accurate real-time heart rate data. With a rechargeable battery providing over 100 hours of runtime, this monitor offers exceptional accuracy and reliability for all your training needs.
Safety & Visibility
TRACKR RADAR is an all-in-one tail light and radar system that keeps you aware and visible on every ride. With real-time vehicle detection up to 150 meters behind you, adaptive lighting modes, and seamless integration with ELEMNT computers, TRACKR RADAR enhances your safety without adding distraction.
Treadmills
KICKR RUN reimagines indoor running with innovative RunFree Mode that automatically adjusts belt speed to match your natural pace. This smart treadmill features grade simulation, lateral tilt, and seamless app connectivity to bring the feel and freedom of outdoor running indoors.
Why Use HSA/FSA Funds for Fitness Equipment?
Save Up to 30% or More
Using pre-tax HSA/FSA dollars means you’re effectively getting a discount equal to your tax rate. Federal income tax savings range from 10% to 37% depending on your bracket. You’ll also benefit from state income tax savings, which vary by state, plus FICA tax savings of 7.65%.
For a $1,200 KICKR, that could mean $300 to $400 in savings compared to using after-tax income.
Invest in Your Fitness Goals
Regular cardiovascular exercise is a cornerstone of overall wellness. By making fitness equipment more affordable, HSA/FSA funds help you prioritize your health, which is exactly what these accounts were designed to support.
Make Fitness Sustainable
Having quality equipment at home removes common barriers to exercise. There’s no commute to the gym, so you can train on your schedule with weather-proof workouts. Over time, you’ll see long-term cost savings versus gym memberships.
Get Started Today
Ready to use your HSA or FSA funds for Wahoo fitness equipment? Browse Wahoo products and look for Truemed eligibility. Check your HSA/FSA balance to see what’s available, then add products to your cart and select Truemed at checkout.
Using your HSA or FSA for fitness equipment isn’t just about saving money. It’s about investing in your health and wellness. With Wahoo’s innovative training equipment and the simplicity of Truemed, there’s never been a better time to use your health benefits for fitness.
Disclaimer: This information is for educational purposes only. Please consult with your HSA/FSA provider and tax advisor regarding your specific situation. HSA/FSA eligibility requires a Letter of Medical Necessity from a licensed healthcare provider.
