Connecting Health & Technology
Driving success for wearable devices
Flex simplifies the process of accepting HSA/FSA payments for wearable devices, helping you expand your customer base. From fitness trackers to health monitoring devices, Flex offers easy-to-implement solutions that bring immediate benefits to your business.
- Guidance through the regulatory process.
- Fast setup and easy deployment.
- Integration options for different types of wearable devices.
Built for Wearable Brands
Seamless and compliant wearable device solution
Flex integrates seamlessly with your existing systems, whether you run a custom website, Shopify store, or prefer a no-code solution.
- Customizable to your business needs.
- One time payments, subscriptions, discounts, and more.
- Fully compliant with IRS regulations.
FLEX FITS YOUR WEARABLE DEVICE BUSINESS NEEDS
HSA/FSA eligibility made simple for wearables
Wearable devices can be classified as either 'always eligible' or 'dual purpose', requiring a Letter of Medical Necessity for HSA/FSA approval. Flex handles both effortlessly, allowing customers to use their HSA/FSA for health-related purchases without friction.
| Letter of Medical Necessity | Product Verification | DUAL PURPOSE |
|---|---|---|
| Letter of Medical Necessity Many wearable devices can be considered health-related expenses. Flex makes it easy for customers to obtain a Letter of Medical Necessity during checkout to qualify for HSA/FSA use. |
Product Verification (IIAS) Flex enables wearable device brands to accept HSA/FSA payments for IRS-approved products automatically. Our platform verifies these purchases in real-time, making the checkout process seamless for both customers and businesses. |
Letter of Medical Necessity Many wearable devices can be considered health-related expenses. Flex makes it easy for customers to obtain a Letter of Medical Necessity during checkout to qualify for HSA/FSA use. |
| Consumers consult a physician during checkout to determine eligibility. | Includes a variety of approved health and wellness wearable devices. | Consumers consult a physician during checkout to determine eligibility. |
| Eligible customers receive a LOMN to justify their wearable device purchase as a health expense. | Automatically verifies eligible purchases at checkout. | Eligible customers receive a LOMN to justify their wearable device purchase as a health expense. |
| With the LOMN, consumers can complete their purchase using their HSA/FSA card or request reimbursement. | No reimbursement and no hassle for your customers. | With the LOMN, consumers can complete their purchase using their HSA/FSA card or request reimbursement. |
Engaged Health & Fitness Community
Flex helps wearable brands reach HSA/FSA consumers
Through the Flex Market and other channels, Flex drives customers to spend their HSA/FSA funds with your brand.
Growing Market
| $150b Dollars in HSA/FSAs to be spent on health-related purchases. |
92% Of surveyed customers said they'll return because HSA/FSA is accepted. |
| +20% Customers spend more when using HSA/FSA cards. |
30% On average customers save 30% by using their HSA/FSA funds. |
LET US GUIDE YOU THROUGH THE PROCESS
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