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"As holiday shopping season gets into high gear, some parents are giving their children the gift of biking and all the health benefits that come with it - with a little help from their fellow taxpayers. High-end kids bike manufacturer Prevelo announced a new partnership last month with Truemed, a company which helps qualified patients prove to insurers that they're eligible to spend pre-tax healthcare funds on specific purchases designed to boost their family's wellness - including bicycles for their children."
"Though many Americans spend their Health Savings Account and Flexible Spending Accounts on insurance deductibles and prescription costs - or forget to spend them entirely - HSAs and FSAs, as they're typically called, can also be spent on preventative medicine musts like exercise equipment that can help would-be patients avoid visits to the doctor's office in the first place. Buyers must get a "letter of medical necessity" to prove they need the equipment before purchase -"
Streetsblog requests annual tax-deductible donations to support reporters and editors working to end car dependency and strengthen communities. During the holiday shopping season, some parents are buying bikes for children to capture health benefits, aided by public funds. Prevelo partnered with Truemed to help qualified patients prove insurer eligibility to spend pre-tax healthcare funds on purchases that boost family wellness, including kids' bicycles. HSAs and FSAs are commonly used for deductibles and prescriptions but can also fund preventative exercise equipment. Buyers must obtain a letter of medical necessity, and many people likely qualify given low cardiometabolic health.
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