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Can you use your flexible spending account (FSA) or health savings account (HSA) funds to pay for gym memberships, exercise classes, or other fitness expenses? What types of health and wellness costs can these pre-tax accounts legitimately cover?
Yes, you can use FSA funds to pay for a gym membership, but only under specific circumstances. To qualify, the membership must be prescribed by a doctor as treatment for a specific medical condition. This means that a gym membership for general fitness purposes, without a documented medical necessitRead more
Yes, you can use FSA funds to pay for a gym membership, but only under specific circumstances. To qualify, the membership must be prescribed by a doctor as treatment for a specific medical condition. This means that a gym membership for general fitness purposes, without a documented medical necessity, would not be eligible for FSA reimbursement. It’s always a good idea to check with your FSA administrator for specific guidelines and requirements.
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