- The Samsung Galaxy Ring is now eligible in the US for FSA and HSA funds.
- These accounts let people set aside pre-tax income for medical expenses.
- Samsung joins other smart rings like Oura’s in this program.
Change is slow to come to the wearables market, but over the past few years we’ve noticed one segment in particular really starting to pick up steam, and today there are plenty of great smart rings for you to choose from. Just like smartwatches, though, these wearables can get very expensive, very fast, so shoppers are going to be looking for any break they can catch. Thankfully, this product segment in particular can tap into a pretty sweet deal, and Samsung’s new Galaxy Ring just found itself eligible.
We’re talking about pre-tax health savings, available in the US as a flexible spending account (FSA) or health savings accounts (HSA). With these, people can pay for medical expenses that aren’t already covered by their insurance with income that’s set aside before the government takes its regular cut. It’s not exactly “free” money, but when you’re paying for authorized medical expenses, it makes your dollar stretch a whole lot further.