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Is Exercise Equipment Covered By Hsa?

Can I use my HSA to buy an exercise bike? The short answer is no. In most cases, you cannot use a health savings account (HSA) to purchase an electric bike or really any sports or recreational equipment.

Can you use your HSA to buy a peloton? Treadmills, gym memberships, and peloton bikes are not eligible HSA or FSA expenses. However, if you have a Letter of Medical Necessity from your doctor that requires you to exercise, you might be able to use HSA or FSA funds for those. Call your provider to check.

Can I use my HSA to buy a fitness tracker? Unfortunately the answer to this question is usually no. This is because according to the IRS, fitness trackers are used to promote what the IRS terms “general health”. Expenses under this general health definition are not considered HSA eligible expenses.