BODi and Telehealth Provider Dr. B Partner to Enable Pre-Tax Reimbursement for BODi Fitness Solutions in all 50 States

The Beachbody Company, Inc. (NYSE: BODI) (“BODi”), a leading health and fitness company, announced today a strategic partnership with Dr. B, a leading telehealth provider that offers $15 online consultations for common conditions in all 50 states. The partnership will help qualifying patients use their pre-tax Health Savings Accounts (HSA) or Flex Savings Accounts (FSA) to pay for BODi’s powerful platform of health and fitness solutions.

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BODi and Telehealth Provider Dr. B Partner to Enable Pre-Tax Reimbursement for BODi Fitness Solutions in all 50 States (Graphic: Business Wire)

According to the CDC, in the US, the percentage of adults using telemedicine services in 2021 was 37%, with slightly more females (42%) using telemedicine than males (31.7%). Statista reports that as of 2021, 88% of Americans preferred to use telemedicine after COVID-19.

BODi users with an HSA or FSA account can go through an online medical consultation with Dr. B to determine whether they qualify for a Letter of Medical Necessity, which would allow for BODi’s fitness expenses to be eligible for reimbursement from their pre-tax HSA/FSA funds. Qualifying members may receive reimbursement covering up to the entire cost of their BODi fitness solutions.

By not requiring an on-site visit to a doctor, the partnership saves time and money for those who qualify. BODi subscribers can visit the Dr. B (hidrb.com) website, complete an online medical consultation in just minutes, receive a Letter of Medical Necessity (if qualified), and submit the letter with BODi receipts to their HSA or FSA administrator for reimbursement.

“For over 25 years our mission at BODi has been to help people lead healthy and fulfilling lives,” says Carl Daikeler, BODi’s Co-Founder and Chief Executive Officer. “The barrier of time and money is real for many who would benefit from the tools on the BODi platform. We believe our partnership with Dr. B will remove these barriers that prevent many from getting started and this unique combination of financial and fitness solutions will help even more people improve their lives and build healthy habits.”