Right here’s one thing new for folks purchasing for bikes that truly match their children: they now include a tax break. Prevelo has teamed up with TrueMed to make its total vary eligible for HSA and FSA purchases.
Which means certified households can now purchase Prevelo bikes tax-free, unlocking as much as 30% in financial savings relying on their private tax price. It’s a small however significant win for households who spend their weekends (and paychecks) constructing reminiscences on two wheels.
Well being, Household, and Driving Collectively
The transfer acknowledges what most dad and mom who journey already know — time spent on bikes is about greater than train. It’s about household, connection, and shared time exterior.
“My household’s been using collectively each night time earlier than our children go to mattress, and it’s reliably one of the best time of the day,” stated Jim Huth, Prevelo’s Director of Operations. “Our household rides get everybody centered on a shared exercise, get us all exterior, and assist me and my spouse get away from the distractions of each day life. I hope having our bikes accessible by way of TrueMed makes it simpler for extra households to get pleasure from rides collectively.”
How It Works
TrueMed is a platform that helps prospects spend their HSA/FSA funds on certified well being and wellness merchandise — and now, that features bikes. The method is simple:
Store on Prevelo.com.
Take a look at utilizing TrueMed.
Full a brief well being questionnaire reviewed by a licensed supplier.
If authorised, you’ll obtain a Letter of Medical Necessity (LMN), which lets you make or have reimbursed your buy with pre-tax HSA/FSA funds.
No bizarre paperwork. No ready for weeks. TrueMed handles the verification and compliance course of so households can deal with what issues: getting exterior collectively.
What’s Eligible: Alpha, Zulu, and Bravo
Each bike in Prevelo’s lineup qualifies. That features the Alpha sequence of all-purpose bikes, the Zulu mountain vary, and the Bravo grime soar sequence, all designed round actual geometry and correct sizing, not “kid-scaled” grownup frames. We’re followers of Prevelo; they obtained our Gear of the 12 months for the Zulu—glorious bikes and high quality.
The lineup covers 12″ to 26″ wheels, together with the Alpha Zero steadiness bike, the proper first-step machine that helps children be taught steadiness earlier than pedals ever enter the image.
A Tax Break for Wholesome Habits
“With extra households feeling the pinch from rising prices, we’re excited to supply our bikes for tax-exempt buy,” stated Prevelo CEO Jacob Rheuban. “Bodily exercise is without doubt one of the greatest investments you can also make for your loved ones’s well being. If we will make that simpler to entry, it’s a win for everybody.”
Prevelo’s partnership with TrueMed offers households a approach to purchase class-leading children’ bikes tax-free, turning well being financial savings accounts into journey accounts. We’re completely happy to see it!
Study extra and test your eligibility at Prevelo.com.
