Staff Resources: About Truemed
Prior to launch, brief your team internally about Truemed. Once all key stakeholders have read through this guide, you are all set to begin your Truemed rollout.
An introduction to Truemed
What is Truemed?
Truemed partners with merchants and brands to enable qualified customers to use HSA/FSA funds on products and services that are used to treat, mitigate, or prevent a diagnosed medical condition.
Truemed partners with a network of practitioners who evaluate customers’ eligibility and issue Letters of Medical Necessity to qualifying customers.
Truemed is backed by best-in-class investors, including functional medicine pioneer Mark Hyman and founders from Thrive Market, Eight Sleep and Levels.
Check out our founders & hear more about our mission:
Calley on Joe Rogan
Calley on Tucker Carlson
Justin on Invest Like the Best
Calley on Mark Hyman
Justin on Gary Brecka
How will Truemed increase my AOV, retention, and conversion rates?
Because HSA/FSAs use pre-tax money, your customer is getting more purchasing power for their dollars. Since they are using pre-tax dollars, your customer is essentially saving a percentage equal to their tax rate.
Typically, customers using Truemed save an average of 30%.
These savings give customers more buying power, makes them less likely to churn, and helps to tip the scale for price sensitive spenders.
This sounds awesome... but what is the actual process for our members who want to take advantage of these savings?
Check out a Customer Journey for a full understanding in less than 5 minutes!