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 are all reimbursable from your FSA or HSA with a Letter of Medical Necessity (LMN). The LMN is the one piece of paperwork that turns Peloton from out-of-pocket into pre-tax. 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.

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.

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.

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. Get an LMN from Burst in under 5 minutes. If our clinician doesn't approve it, you get a full refund.

Request my LMN →

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