Your HSA or FSA Might Pay for Your New Smart Ring. Just Follow These Steps

The article discusses the potential coverage of new smart rings, such as the Oura Ring, Galaxy Ring, and Ultrahuman Ring, by Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). These smart rings are designed to track various health metrics, including sleep, activity, and body temperature. According to the article, individuals can use their FSA or HSA funds to purchase these smart rings, provided they meet certain criteria. The article outlines the steps to determine if the smart ring is eligible for coverage, which typically involves obtaining a prescription or a letter of medical necessity from a healthcare provider. The article emphasizes the importance of understanding the specific rules and regulations governing the use of FSA and HSA funds, as well as the eligible expenses that can be covered. It also highlights the potential benefits of using these accounts to cover the cost of the smart rings, which can help individuals monitor their health and wellness more effectively.