ABC Fitness and Truemed Partner to Make Gym Memberships More Affordable
Krissy Vann | Host, All Things Fitness and Wellness
For many Americans, cost remains a significant barrier to maintaining a consistent fitness routine. A new partnership between ABC Fitness and Truemed aims to change that by allowing eligible individuals to use Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) to cover gym memberships and other fitness-related expenses.
Under this partnership, ABC Fitness' network of nearly 10,000 gyms and studios across the U.S. will have a streamlined process for members who qualify to use HSA or FSA funds for fitness expenses. Truemed partners with healthcare providers and merchants to determine eligibility, allowing individuals with a medical need to access pre-tax funds for gym memberships, personal training, and other approved health-related services.
Khal Rai, President of ABC Fitness, stated: "Partnering with Truemed allows us to make fitness more accessible to qualifying individuals by removing barriers and leveling the playing field. Now, more gyms and studios in the US can provide a more convenient process for members to qualify to use pre-tax funds for their gym memberships, training programs, and other qualified services—empowering them to take control of their health in a more affordable way."
Truemed works with healthcare providers to determine whether individuals can use their HSA or FSA funds for fitness expenses based on medical necessity. If approved, users can allocate existing pre-tax funds toward fitness costs.
Justin Mares, Founder of Truemed, said: "At Truemed, we believe that being healthy should be accessible and affordable for everyone. By teaming up with ABC Fitness, we’re making it easier than ever for qualified Americans to use the money they’ve already set aside for health expenses to invest in their fitness. The future of healthcare is proactive, and fitness is a key part of that equation."
This partnership comes as more discussions take place around preventive healthcare and the role of fitness in long-term wellness. The initiative provides a financial avenue for eligible individuals to prioritize their health through gym memberships and structured fitness programs.
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