Reimbursable provides a free searchable directory of over 890 items that qualify for tax‑free HSA and FSA spending, referencing IRS Publication 502. Users can look up eligibility, log purchase receipts in the accompanying app, and later reimburse themselves tax‑free, even years after the expense. The platform also offers guidance on using HSA funds as a long‑term wealth‑building tool.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals struggle to determine which medical expenses qualify for tax‑free reimbursement from Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) because eligibility rules are scattered across IRS publications and often require nuanced interpretation.
Solution
Reimbursable provides a free, searchable directory of over 890 items and services, each vetted against IRS Publication 502 and related guidance, to instantly answer “Is this HSA/FSA eligible?” The platform distinguishes eligibility for HSAs, FSAs, and HRAs and flags cases that depend on a Letter of Medical Necessity. A companion app lets users log out‑of‑pocket medical purchases, capture receipt details, and store them securely. By tracking expenses, users can let their HSA investments compound tax‑free and withdraw funds later without time limits. The service also includes an HSA ROI calculator and plain‑English resources to help users maximize tax‑free savings.
Target Audience
Primary users are individuals with HSAs, FSAs, or HRAs who need to verify eligible medical expenses and track receipts for tax‑free reimbursement, including consumers and small‑business employees managing their own health accounts.
Features
- Searchable directory of 890+ items with eligibility status for HSA, FSA, and HRA, linked to IRS source documents
- Item pages note “it depends” scenarios and required documentation such as Letters of Medical Necessity
- Free mobile app with receipt logging, amount/date entry, and optional bank integration via Plaid for automatic expense detection
- Secure, encrypted storage of receipt images and expense data, supporting IRS Form 8889 reporting
- HSA ROI calculator that models tax‑free growth of reimbursed funds over time
- Regularly updated eligibility entries with revision dates to reflect current IRS rules