What is an HSA or FSA? 

A health savings account (HSA) and a flexible spending account (FSA) are both tax-advantaged accounts that allow you to save specifically for certain medical or wellness expenses. HSAs are usually only available to people who have a high-deductible health plan, and are tax-exempt, meaning money goes in tax-free, comes out tax-free, and can earn interest tax-free. 

While FSAs also have tax benefits, they are only available as part of a benefits package from an employer, but the medical expenses you can use it on are very similar to an HSA. Typically, FSA funds are “use or lose” each year, while unused balances in HSA accounts roll over into the next year. 

What does this cover? 

While you can’t usually use your HSA or FSA to pay for health insurance itself, you can use it to reimburse yourself for any qualified medical expenses that you had to pay out of pocket. It can be used for various products that support overall health and wellbeing, including the OvuSense device, home medical tests (pregnancy tests, sperm tests), breast pumps, thermometers, prenatal vitamins, and more. Fertility monitors are eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), or a health reimbursement arrangement (HRA). 

Some items that aren’t eligible include maternity clothes, funeral costs, child care for healthy babies, toiletries, over-the-counter medicine, swimming lessons and elective cosmetic procedures. To check out an extended list of HSA-eligible products, read here; for FSA-eligible medical items - check some out here.

How do I use these funds? 

If you have a qualified health insurance plan that provides the option for an HSA or FSA and you enroll, you may be able to purchase OvuSense with it. Contact your insurance provider to see if you qualify. 

Once you’ve confirmed with your insurance provider, you have a few options for purchasing the device. Your HSA will likely come with checks or a debit card, making purchases convenient and instant. Similarly, FSAs will likely come with a debit card, or you will have to submit documentation (receipts usually suffice) for reimbursement. You can use this card directly on the OvuSense website to purchase your device. If you don’t have a debit card for purchases, you can purchase the device with another form of payment, and submit for reimbursement through your HSA/FSA provider. 

If you have any questions about purchasing the device from us or need additional documentation for your reimbursement, please contact us at [email protected]