Migliaccio & Rathod LLP is investigating whether Truemed improperly markets consumer products as HSA/FSA eligible through streamlined “medical necessity” approvals that may expose consumers to unexpected tax consequences.
What Consumers Report About Truemed Eligibility Approvals
Consumers report being encouraged to purchase wellness and lifestyle products through HSA/FSA funds after completing short online health questionnaires.
- Products marketed through the platform allegedly include fitness equipment, supplements, sleep products, and wellness devices.
- Consumers report being told they could “save” substantial amounts through pre-tax spending arrangements.
- Some consumers question whether the products qualify as medically necessary under IRS rules governing HSA/FSA reimbursements.
Consumers also report concerns that approvals may be issued with minimal individualized medical review.
Why Consumers Should Be Concerned
IRS rules generally require qualifying medical expenses to be tied to legitimate medical care or medical necessity. If products are improperly marketed as HSA/FSA eligible by Truemed, consumers could face denied reimbursements, tax liability, penalties, or other financial consequences.
Merchants and platform operators may also face scrutiny if marketing materials allegedly overstate eligibility or minimize compliance requirements.
Potentially affected merchant partners may include:
- Peloton
- AG1
- Meta
Signs You May Be Affected
- You purchased products marketed as HSA/FSA eligible through Truemed.
- You relied on a short online questionnaire or automated approval process.
- You later questioned whether the products qualified as legitimate medical expenses.
- You used HSA or FSA funds for products marketed primarily as wellness or lifestyle purchases.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.