Is Peloton HSA Eligible? The Complete FSA/HSA Peloton Guide
A Peloton bike, Tread, Row or All-Access membership can qualify for HSA or FSA reimbursement with a Letter of Medical Necessity. Burst gets you the letter for $35 and files the claim.
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Hi, I'm Shubhi, one of the co-founders of Burst. This guide is for anyone shopping for a Peloton, or already paying for one, who's heard that HSA or FSA dollars might cover it.
Short answer. A Peloton Bike, Bike+, Tread, Row, Guide, the All-Access membership, and the standalone Peloton App membership can all qualify for FSA or HSA reimbursement with a Letter of Medical Necessity (LMN). The letter is the one piece of paperwork that lets you pay for Peloton from your pre-tax account, and Burst gets you one for $35 and files the claim. Below is what's covered, what isn't, what the LMN does, and the kinds of situations people most often have a Peloton LMN written for.
Shopping for a Peloton, or already paying for one? The request takes about two minutes.
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What FSA and HSA actually cover for Peloton
Peloton sits in the same category as any other home exercise equipment. The IRS lets you cover it with FSA or HSA dollars if a licensed clinician confirms it's part of how you're managing a specific health situation. That's what the LMN does. Without one, Peloton is general fitness, and FSA/HSA doesn't apply.
The LMN is a short note from a licensed clinician naming the health situation you're working on and connecting Peloton to it. Burst's clinicians write these every day. The fee for the Burst LMN request is itself FSA/HSA eligible, so you can pay for it with your FSA/HSA card. If our clinician decides your situation doesn't fit, you get a full refund.
What's eligible with an LMN
Peloton Bike and Bike+. The hardware itself, including the upgraded Bike+ with the rotating screen and auto-resistance.
Peloton Tread and Tread+. The treadmill products, including the larger Tread+.
Peloton Row. The rower, including all rower-specific accessories that ship with it.
Peloton Guide. The strength-training camera and dock.
All-Access Membership. The monthly subscription that unlocks the full class library across hardware. Eligible on a recurring basis as long as the LMN is current.
Peloton App Membership. The standalone app subscription used without Peloton hardware. Eligible with an LMN, same as Bike or Tread.
Cycling shoes that clip into the Peloton bike. Shimano SPD or Peloton-branded shoes purchased to use with an LMN-covered bike.
Heart rate monitors and accessories bought for use with the Peloton ecosystem (Peloton Heart Rate Band, Wahoo, Polar straps).
Delivery and assembly fees. If they're on the same receipt as the eligible hardware, they reimburse together.
Get the letter first, then buy. We handle the rest.
$35 once, about two minutes, and a licensed clinician signs your Letter of Medical Necessity, usually the same day if approved and always within 24 hours. Then buy from any store with any card, and Burst files the reimbursement claim for you, start to finish. If your administrator pushes back, we write the appeal.
15,000+ letters issued. Works with every FSA/HSA administrator.
Get reimbursed for my Peloton →
No letter, no charge. Claim denied, money back.
About two minutes to request · usually the same day · we file the claim for you.
Letter of medical necessity for Peloton: Bike, Tread, Row and All-Access
The letter names your diagnosed condition and states that a structured home exercise program on a stationary bike, treadmill or rower is part of managing it. Obesity, hypertension, type 2 diabetes, cardiac rehabilitation, chronic back or joint pain and depression are the conditions clinicians document most often. The hardware is claimed once, after the letter's date. All-Access is a recurring charge: already a member? Every monthly charge from the letter's date forward can be claimed, and nothing changes at Peloton. Ask for the membership to be named in the letter.
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What's not eligible, even with an LMN
Peloton Apparel. Branded clothing is consumer goods, not medical equipment.
Replacement screens or hardware upgrades bought purely as cosmetic or feature upgrades, not as repairs to keep an eligible piece of equipment working.
Gift card purchases. Reimbursement runs on actual receipts for actual products. Gift cards don't have a medical product on them.
Peloton subscriptions for other people. If the LMN is in your name, it covers your use, not a sibling or roommate's.
Common reasons people get a Peloton LMN
A few of the situations that come up most often on Peloton LMNs. This isn't a checklist and it isn't medical advice, just the patterns we see:
Weight management when a doctor has flagged it as a health concern
Blood pressure management
Type 2 diabetes or prediabetes
Heart health, including after a cardiac event
High cholesterol or metabolic syndrome
Chronic back pain (cycling and rowing both fit here, treadmill less so)
Recovery after surgery
Depression or anxiety where movement is part of the plan you're working on with a clinician
If you're not sure whether your situation fits, that's exactly what we sanity-check before charging you. Worst case the clinician says no and you get refunded.
A few common Peloton FSA/HSA pitfalls
Forgetting the All-Access membership. A lot of people get the bike reimbursed and don't realize the monthly membership reimburses too, on the same LMN.
Letting the LMN expire mid-membership. LMNs typically last 12 months. After that, the next month of All-Access isn't covered until you refresh it.
Submitting the financing statement instead of the receipt. If you finance through Affirm or a payment plan, the reimbursement is on the original Peloton receipt, not the monthly installments. Use the Peloton receipt.
Forgetting the accessories. Cycling shoes and heart rate monitors purchased to use with an LMN-covered bike reimburse alongside the bike.
Peloton FSA and HSA FAQ
Is Peloton HSA eligible without an LMN?
The LMN is what makes the difference. Peloton is general-purpose exercise equipment, so on its own it's not eligible. With an LMN, it is.
Is the Peloton All-Access membership FSA eligible?
Yes, with an LMN. The membership reimburses on a recurring basis as long as the LMN is current. LMNs typically last 12 months.
Are Peloton accessories FSA eligible?
Cycling shoes, heart rate monitors, and the strap or pedal hardware that ship with the bike are eligible alongside the bike itself. Branded apparel is not.
Can I get the LMN after I already bought the Peloton?
Per IRS guidelines, LMNs must be for purchases made on or after the LMN request date. So an LMN you request today won't cover a Peloton you bought last month. If you're planning to buy soon, get the LMN first.
Is the Peloton App-only membership eligible without owning a Peloton?
Yes. The standalone Peloton App subscription is treated the same as the All-Access membership for eligibility. LMN required.
Is the LMN fee itself FSA/HSA eligible?
Yes.
Will my HSA or FSA administrator accept it?
Yes. Administrators want a signed letter from a licensed clinician that names your condition and the item, and that is exactly what you get. Burst works with every FSA/HSA administrator, including HealthEquity, Fidelity, WEX, HSA Bank, Inspira, Optum and Further. If one pushes back, we write the appeal. If the claim is denied, you get your $35 back.
What if I am not approved?
You pay nothing. No letter, no charge.
Who files the reimbursement claim?
We do, start to finish. Send us the receipt and Burst files the claim with your administrator; the money comes back to your bank account.
Stop paying out-of-pocket for your Peloton
If you're shopping for a Peloton or already paying for one, I'd rather you stop paying out-of-pocket for something your FSA or HSA can cover. Request yours from Burst: $35 once, about two minutes, and your letter usually arrives the same day. No letter, no charge.
Get reimbursed for my Peloton →
Brands above are the ones people ask us about most. They are examples, not partners.
If you're not sure whether your situation fits, hit reply on any Burst email or write to support@getburst.com. I read every email myself. I'd rather sanity-check for you up front than have you guess.
Thanks,
Shubhi
Co-founder at Burst
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