Zwift And Truemed Help Unlock Pre-Tax HSA/FSA Savings For At-Home Fitness

November 25, 2024

Using tax-free HSA/FSA dollars, qualified customers can save 30% on average in just a few simple steps

(LONG BEACH, CALIFORNIA] /ENDURANCE SPORTSWIRE/ – Zwift, the global online fitness platform for cyclists, and Truemed, the payment solution for merchants at the forefront of treating and preventing chronic disease, today announced a partnership to make investments in well-being through cycling easier than ever before. For eligible customers, Zwift Ride smart bikes and hardware sold via Zwift.com can now be purchased through tax-advantaged Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA). Paying from tax-deferred accounts will save qualified consumers, on average, 30% off the current retail hardware prices.

Tax-deferred HSAs and FSAs are key parts of individual healthcare plans–often offered through employers–that allow for coverage of healthcare-related expenses at discounted rates. They play a critical role in incentivizing preventative care that can treat or prevent chronic conditions like obesity and diabetes. Truemed’s commitment to empowering consumers to prioritize their health by streamlining processes to invest in and save on health products and services and Zwift’s unique community-driven fitness platform makes investments in well-being easier to manage than ever before.

“HSA/FSA funds substantially expand access to root cause interventions. The biggest barrier to using our HSA and FSA savings is not consumers’ commitment to leading healthier lives; it’s clarifying the HSA/FSA process and making it more intuitive,” says Calley Means, co-founder of Truemed.

Truemed’s seamless integration with Zwift’s online store means qualified purchases are as easy as any other online transaction. Everything needed to qualify a purchase for HSA/FSA funds can be completed via the usual checkout process in three simple steps:

1. At checkout, consumers select the “Pay with HSA/FSA funds” payment method to be redirected to the Truemed website.
2. This is followed by a brief health survey. Once completed, enter an HSA/FSA card or credit/debit card to finalize the checkout process.
3. Submitted responses will be reviewed by a licensed medical provider, and if eligibility is confirmed, a Letter of Medical Necessity (LMN) will be issued. (If a credit or debit card is used as payment, reimbursement from the HSA/FSA can be requested).

Qualified customers can start saving on indoor cycling equipment now at Zwift.com.

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ABOUT ZWIFT

Zwift is the fitness company born from gaming. We’re dedicated fitness enthusiasts, experienced video game developers, and disruptive thinkers. Play is in our DNA and we know fun fuels results.

Zwift utilizes massively multiplayer online gaming technology to create rich, 3D worlds ripe for exploration. Join thousands of cyclists and runners in immersive playgrounds like London, New York, and Paris as well as our very own Watopia.

Our app connects wirelessly to exercise equipment: bike trainers, treadmills, and more, so your real world effort powers your avatar in the game.

From friendly races to social rides and structured training programs, Zwift unites a diverse community in pursuit of a more fun, immersive and social fitness experience.

ABOUT TRUEMED

Truemed enables HSA/FSA spending on items that can help cure, treat, mitigate and prevent chronic disease: exercise, supplements, sleep aids, and more. HSA/FSA accounts are a $140 billion pot of funds that qualified Americans can unlock to treat and alleviate chronic conditions that many have. For more information, visit www.truemed.com.

Zwift Media Contact:

Greg Fisher

Zwift@igtstudio.com

Truemed Media Contact:

Jack Taylor

Truemed@Jacktaylorpr.com