Hyperice Accepts HSA/FSA Funds, Expanding Access To Wellness Tech
Consumers can now pay for Hyperice products with HSA/FSA funds using Sika Health’s integrated payment technology
Hyperice has forged a strategic partnership with Sika Health, allowing consumers to purchase Hyperice’s suite of wellness technology products using Health Savings Account (HSA) and Flexible Spending Account (FSA) funds.
Hyperice products that are now eligible for purchase through HSA and FSA funds include the brand’s Hypervolt, Normatec, Venom, Hyperice X, Vyper, Hypersphere and compression wearables lines.
Using HSA/FSA pre-tax funds offers substantial savings to consumers, often exceeding 30-50% on qualifying direct-to-consumer health and wellness purchases. With Sika Health’s integrated payment technology, Hyperice shoppers can now add their desired products to their cart, select Sika Health as the payment option at checkout, and input their HSA/FSA account details. Consumers don’t need to worry about eligibility checks, receipts or card declines.
“Our partnership with Sika Health is a significant step forward in democratizing our recovery technology and empowering everyone on Earth to move better,” said Jim Huether, CEO of Hyperice. “Sika Health’s team of regulatory experts made the process of ensuring our products were compliant and eligible as seamless as possible.”
Ami Kumordzie, Founder and CEO of Sika Health, expressed excitement about broadening access to Hyperice’s products, noting that 70 million Americans have HSA/FSA accounts.
“Through partnerships with brands like Hyperice, we’re committed to giving consumers the guarantee that they can access and spend their HSA/FSA funds on items they want when they want, hassle-free,” Kumordzie said.
U.S. consumers contribute an estimated $150 billion to HSA/FSA accounts each year. By making Hyperice’s innovative products accessible through HSA and FSA funds, it not only provides consumers with substantial savings but also ensures that advanced recovery and wellness technology is within reach for millions of Americans.