Are fitness trackers eligible for reimbursement under my Wellness Spending Account (WSA)?
Fitness trackers may be eligible for reimbursement under many WSAs. However, coverage varies by plan, so it’s essential to check your WSA’s list of eligible expenses to confirm. If you want, you can start a live chat with us or email support@getmyhsa.com and we can verify eligibility for you!
What types of fitness trackers might be covered by my WSA?
Various types of fitness trackers could be eligible if you have the 'Fitness Trackers' category, including:
Basic Activity Trackers (e.g., Fitbit Inspire, Garmin Vivofit)
Advanced Fitness Trackers (e.g., Fitbit Charge, Garmin Vivosmart)
Smartwatches with Fitness Features (e.g., Apple Watch, Samsung Galaxy Watch)
Specialized Fitness Trackers (e.g., Whoop Strap, Oura Ring)
Kids’ Fitness Trackers (e.g., Garmin Vivofit Jr., Fitbit Ace)
Is the reimbursement for a fitness tracker through my WSA considered a taxable benefit?
Yes, any reimbursement for fitness trackers through your WSA is considered a taxable benefit.
What steps should I take to get reimbursed for a fitness tracker through my WSA?
Follow these steps to seek reimbursement:
Verify Eligibility: Check if the fitness tracker you want to purchase is eligible under your WSA.
Purchase the Tracker: Buy the fitness tracker from a retailer of your choice.
Submit a Claim: Make a Claim on your myHSA account, and submit the receipts!
Get ready your reimbursement! It will reach your account the Wednesday or Friday after the claim is approved (which should happen within 1-3 days of submission)
What should I do if my WSA does not cover fitness trackers?
The WSA and it's eligible items are employer governed. If your plan does not include Fitness Trackers, you could try talking to your Plan Administrator to see if it's something they might consider adding to the list!
Can I use my WSA to purchase fitness trackers for my family members?
This depends on the terms of your specific WSA. Some plans allow purchases for dependents, while others may have restrictions. Check your plan details on your dashboard for more information.
Coverage for fitness trackers varies by WSA. Please verify your specific plan’s eligible expenses to confirm coverage.
By understanding the ins and outs of your WSA, you can make the most of your benefits and invest in tools that help you lead a healthier, more active lifestyle. If you have more questions about your WSA and fitness trackers, reach out to us at support@getmyhsa.com or start a live chat!