Can I use my FSA/HSA funds to purchase the Stelo Glucose Biosensor through HealD X?
Yes, you can! The HealD X is eligible for Flexible Spending Account (FSA) and Health Savings Account (HSA) funds, making it an even more affordable option for managing your diabetes.
What is an FSA?
A Flexible Spending Account (FSA), sometimes referred to as a "flexible spending arrangement," is a benefit provided by employers that allows you to allocate a portion of your paycheck to cover certain out-of-pocket healthcare expenses. These funds can be used for eligible medical expenses, including over-the-counter (OTC) healthcare products, which means you can use your FSA dollars for your diabetes management with HealD X.
What is an HSA?
A Health Savings Account (HSA) is a special type of savings account linked to an HSA-eligible health plan. It lets you set aside funds specifically for qualified medical expenses. There’s an annual contribution limit set by the IRS, but the great news is that you can use these funds to purchase the Stelo biosensor through HealD X. According to IRS Publication 502, qualified medical expenses include the cost of devices used for diagnosing and treating health conditions. Since HealDX is a comprehensive diabetes management program that combines personalised care, nutritional guidance, and behavioural support to promote healthier lifestyle choices, it is classified as a qualified medical expense.
Important Note: Always check with your FSA/HSA plan administrator to confirm whether your purchase meets their requirements, as the list of approved items can change. If you have any questions, it's a good idea to refer to your plan documents or consult a tax professional for more guidance.
How do I reimburse my Stelo purchase using FSA/HSA funds?
If you wish to reimburse your Stelo purchase using your FSA or HSA, simply reach out to your plan administrator to confirm the eligibility and process. If your FSA or HSA card is declined during checkout, you may need to contact your employer or plan administrator for further assistance. With HealD X, we make diabetes management accessible and affordable, and using FSA/HSA funds for your Stelo biosensor is just one of the many ways we support your journey towards better health.
