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Savings Calculator

Savings Calculator

Through our partnership with Truemed, you can now use your pre-tax FSA/HSA funds to purchase bikes! Calculate your potential savings below.

Income from $48,476 to $103,350 (single) or $96,951 to $206,700 (married filing jointly)

Your Savings

Original Price:

$0.00

Your Tax Bracket:

22%

Your Savings: $0.00
Effective Price: $0.00
You save 0% using FSA/HSA funds!

How FSA/HSA Savings Work

Your tax bracket determines how much you save when using FSA/HSA funds:

If Your Tax Bracket Is On a $1,000 Bike You Save Your Effective Price
10% $100.00 $900.00
12% $120.00 $880.00
22% $220.00 $780.00
24% $240.00 $760.00
32% $320.00 $680.00
35% $350.00 $650.00
37% $370.00 $630.00

How does this work?

  1. FSA/HSA contributions are taken from your paycheck before taxes
  2. When you spend these pre-tax dollars on eligible items (like bikes through our TrueMed partnership), you avoid paying taxes on that money
  3. Your savings equal what you would have paid in taxes (your tax bracket percentage)
  4. Truemed verifies eligibility and handles documentation

*This calculator provides estimates only. Actual savings may vary based on your specific tax situation.

Consult with a tax professional for personalized advice.

Truemed Icon

Who is Truemed?

At Truemed, they believe that investing in your health is far more valuable than waiting to spend on sickness. By unlocking pre-tax HSA/FSA spend on research backed interventions such as fitness, supplements, and health technology, they’re shifting healthcare spend toward true medicine.

FAQs
Is this partnership available nationwide?

Yes, the BikesOnline and Truemed partnership is available to customers throughout the United States. FSA/HSA eligibility is determined by federal guidelines, so the benefits apply nationwide.

What if I don't have my FSA/HSA card with me?

No problem! You can pay with another payment method and Truemed will provide you with an itemized receipt that you can submit to your FSA/HSA administrator for reimbursement.

Do I need a doctor's note or prescription?

In most cases, no. Through our partnership with Truemed, the verification process is handled through them. However, it's always a good idea to check with your specific FSA/HSA administrator about their policies.

How much can I save by using my FSA/HSA funds?

Depending on your tax bracket, you could save 25-40% on your bike purchase. Since FSA/HSA contributions are made pre-tax, using these funds is like getting a significant discount on your purchase.

Are all bikes eligible for FSA/HSA funds?

Most bikes available on BikesOnline qualify for FSA/HSA funds. E-bikes, road bikes, mountain bikes, and commuter bikes typically qualify as they promote physical activity.

Why are bikes now eligible for FSA/HSA funds?

Healthcare providers and FSA/HSA administrators now recognize cycling as a legitimate way to prevent illness, manage chronic conditions, and improve overall health. This partnership between BikesOnline and Truemed is pioneering this recognition by streamlining the verification and payment process.