Can You Use an HSA to Pay for an Electric Bike?
Love at first ride.
The EVELO blog
Author: Armando Roggio
The short answer is no. In most cases, you cannot use a health savings account (HSA) to purchase an electric bike or really any sports or recreational equipment. But there is a longer answer which could end in “yes.”“Americans can use their health savings account to purchase exercise equipment, like a bicycle, if they have a diagnosed medical condition and receive a Letter of Medical Necessity from their doctor,” said Shobin Uralil, founder and COO of Lively, a customer-centric HSA provider.
Between 70-and-90 percent of electric bike owners and shoppers in the United States are 45-years-old or older. These mature, mostly recreational riders are helping to encourage bicycling, fitness, and growth in the popularity of electric bikes.
There are, of course, many factors contributing to the interest in and excitement for e-bikes in the United States. … Read more
Riding an electric bike helped adults with type-2 diabetes improve aerobic conditioning and lower cardiometabolic risk factors, according to a recent study.
Researchers at the University of Bristol in the United Kingdom monitored the impact riding an electric bike had on participants with type-2 diabetes. The study’s 18 subjects rode their electric bikes an average of 13 miles per week for 20 weeks.
The subjects enjoyed a 10.9 percent increase in predicted maximal aerobic power over the course of the study. And participants reached 74.7 percent of their maximum heart rate while riding an electric bike compared to 64.3 percent when walking.
Riding an electric bike is not as vigorous an exercise as riding a conventional bike or, perhaps, even running long distances, but the activity provides a better workout than simply walking. And, as this study concluded, riding an electric bike may be enough to help reduce the risks associated with type-2 diabetes, perhaps, even playing a role in remission associated with weight loss. … Read more
In an effort to encourage bicycle and electric bike commuting in the United States, Representatives from Oregon, Florida, and Massachusetts introduced a new, bipartisan bill that would restore and expand tax incentives for some riders, allowing them to receive employer-paid transportation benefits of as much as $53 per month tax-free.
“The bicycle is the most efficient form of urban transportation ever devised. Cycling reduces carbon emissions, provides enormous physical and mental health benefits, and is one of the most cost-effective modes of transportation available,” said Representative Earl Blumenauer, an Oregon Democrat, as he introduced the proposed legislation into Congress on March 4, 2019. … Read more
Cycling on an electric bike just a few times each week can improve an adult’s cardiorespiratory performance and general health in ways similar to riding a conventional bicycle or taking vigorous walks, according to several clinical studies.
One of the most telling studies, released in the May 2018 edition of the Clinical Journal of Sports Medicine, compared the peak oxygen uptake (VO2 max) of 32, overweight adults before and after four weeks of bicycle commuting. … Read more
Riding an electric bike just a few times a week may improve brain function in adults 50-years-old and older, potentially reducing the risk of contracting Alzheimer’s disease, vascular dementia, and other age-associated neurodegenerative disorders, according to a new report from the U.K.-based cycleBOOM project.
Doctors and scientists have long known that there is a connection between outdoor exercise and mental and emotional well being. For example, a German study released in 2007, “High impact running improves learning,” showed that exercising before studying could help a person learn vocabulary about 20 percent faster. The study also reported that “regular physical exercise improves cognitive functions and lowers the risk for age-related cognitive decline.” … Read more
Bicycling with friends and family is one of the real joys of cycling generally and one of the significant benefits of riding an electric bike specifically.
Physical activity is vital for American baby boomers, and electric bikes, which can ease adults into regular exercise, may be one of the best ways for baby boomers to both stay active and have fun.
In 2018, 29.5 percent of American adults aged 65 and older reported doing no physical activity or exercise according to data from the Center for Disease Control published on the America’s Health Rankings website. … Read more
Fitness and speed are among some of the best reasons to commute to work or school on an electric bike.
In 2017, nearly 837,000 Americans rode a bicycle to work, according to U.S. Census Bureau data released in September 2018.
That number was down almost 30,000 from the prior year, perhaps, because of the lack of investment in bike lanes or similar infrastructure. Or perhaps because of how long bicycle commutes can take or the effort needed to make them. … Read more