Ensuring your babies’ safety and helping them sleep soundly is a top priority for any parent. It also often means racking up a shopping list of must-have items—from cribs and sound machines to baby monitors, car seats, and strollers. And let’s face it, all those purchases can quickly add up.

But don’t worry! Cradlewise is here to save the day. Our smart crib is already a game changer, bundling a sound machine, baby monitor, and crib-bassinet into one unit that grows with your baby and can be used from birth until two years. And guess what? Cradlewise is now available for HSA-FSA benefits! 

What does that mean for you? It means you can save a good amount on your purchase for the Cradlewise smart crib using your HSA/FSA money since they are your pre-tax dollars, making it more affordable, all while giving your little one and your family the best sleep possible.

What is the Cradlewise Smart Crib?

The Cradlewise Smart Crib is a revolutionary baby crib designed to help babies—and their parents—get better, more restful sleep.

Here’s a closer look at what makes the Cradlewise Smart Crib a game-changer for modern parenting:

How to purchase your Cradlewise using HSA/FSA funds

How to use HSA/FSA cards?

Here’s how you can use your HSA/FSA card to pay for Cradlewise:

1. Add the crib to the cart on our website.
2. Proceed to Checkout.
3. Add your information: Contact and Shipping address.
4. Continue to Payment.
5. When making the payment, select “Flex | Pay with HSA/FSA”
6. Click on ‘Pay Now’.

If you don’t see an option for Flex | Pay with HSA/FSA on Checkout and if you are pushed into the ShopPay checkout, we recommend clicking on “Check out as a guest” at the bottom of the checkout page or completing your purchase in an incognito window.

Have questions about what happens if there are accessories with crib purchasing and if there’s a limited balance on an HSA/FSA card? Keep on reading.

How much can you save on Cradlewise?

To understand your HSA/FSA savings better, let’s take a case of a $100 purchase of an HSA/FSA-eligible product. If you pay using your normal credit card, it is $100. But your HSA/FSA account has pre-tax dollars. So based on your tax rate, you will save $30 to $40 for every $100 purchase.

Now that you know the tax benefits that HSA/FSA provides, let’s break down how much you can save if you purchase a $100 item using an HSA or FSA compared to using taxed dollars, assuming you’re in a 37% tax bracket.

Let’s say you are in the 37% tax bracket and purchasing the Cradlewise Smart Crib at $1,399. Here’s how you calculate your savings:

• Savings = Cost of the Crib × Tax Bracket

• Savings = $1,399 × 0.37

• Savings = $1,399 × 0.37

• Savings = $517.63

So, if you are in the 37% tax bracket, you save $517.63 by using your HSA or FSA to purchase the Cradlewise Smart Crib.

By using your HSA or FSA, you reduce the effective cost of the crib because you are using pre-tax dollars. Instead of paying the full $1,399, you’re effectively paying $881.37 after considering the tax savings.

What happens if there are accessories with crib purchasing (split payment)?

Since accessories are not eligible for HSA/FSA funds, here’s how to make the split payment:

1. Follow the same steps as above until you reach the payment section. When you select “Flex | Pay with HSA/FSA,” you will see a split card view with a top and bottom section.

2. In the top section, you’ll see the items eligible for HSA/FSA coverage.

In the bottom section, you’ll see the accessories not covered by the HSA/FSA card and will be charged to your credit/debit card.

 You can see your HSA/FSA total and Credit/Debit total separately.

3. Flex prioritizes your HSA/FSA payment, deducting from those funds first. If there are insufficient funds in your HSA/FSA, the remaining balance will be charged to your credit or debit card.

Understanding HSA/FSA eligibility

HSAs and FSAs allow you to set aside pre-tax income for medical expenses, offering significant savings.

You can use your HSA/FSA funds on anything that helps diagnose, treat, or prevent illnesses or conditions, including doctor visits, medicine, and other health-related expenses. 

And now, Cradlewise Smart Crib also counts as a qualifying expense for these savings accounts.

Conclusion

If you’re planning to purchase Cradlewise Smart Crib for better quality, uninterrupted sleep for you and your baby, Cradlewise’s HSA/FSA eligibility is fantastic news for you. This not only ensures better sleep for your baby but also allows you to take advantage by using your pre-tax dollars.

By using your HSA/FSA, you can make this essential investment in your child’s health more affordable.