The query of whether or not digital well being trackers could be bought utilizing funds from Versatile Spending Accounts (FSAs) or Well being Financial savings Accounts (HSAs) is a frequent one. These accounts are pre-tax financial savings plans used for eligible healthcare bills. Whether or not a particular gadget qualifies usually depends upon its major operate and if it is prescribed by a healthcare skilled to deal with or mitigate a particular medical situation.
The potential for utilizing FSA/HSA funds on units like these hinges on their capability to enhance well being outcomes. Historically, eligible bills included gadgets instantly associated to medical care or therapy. Nevertheless, with the rise of know-how centered on wellness and illness administration, the rules have grow to be extra nuanced. A Letter of Medical Necessity (LMN) from a health care provider is commonly required to display that the gadget is a essential device for managing a identified well being situation, making the expense probably eligible.
