DTC Health: Unlocking Tax-Free Money To Fight Chronic Disease With Justin Mares

Up Arrow Podcast

Justin Mares is the Co-founder and CEO of Truemed, a payment tool that allows health and wellness brands and providers to harness consumer tax-free funds. He is also the Founder of Kettle & Fire, the Co-founder of Surely and Perfect Keto, and an investor at Long Journey Ventures. Justin strives to make health accessible and sustainable and create a food system that heals rather than harms.

In this episode…

Nearly 90% of the US population is at risk of chronic disease. While health accounts like HSAs and FSAs give consumers access to tax-free healthcare, they can only use them to cover qualified medical expenses. DTC wellness brands can offer the option to pay for products with these funds. How can these brands optimize this payment method to drive conversions and growth?

Health and wellness serial entrepreneur Justin Mares capitalized on a market need for affordable chronic disease prevention. Health, wellness, and supplement brands can integrate one-click HSA and FSA payment options into their Shopify sites. Consumer drop-off rates between add-to-cart and check-out are 30-50%, so when provided with alternative payment methods, consumers can save 30-40% a year on wellness products, increasing brands’ AOV, LTV, and conversion rates. Consumers can even make interest-free monthly payments on more expensive products.

Join William Harris in today’s episode of the Up Arrow Podcast as he interviews Justin Mares, the Co-founder and CEO of Truemed, about his tax-free solution for consumers with chronic illness. Justin also talks about his experience bootstrapping a brand, including transitioning from DTC to retail, his methods for scaling and gaining brand awareness, and how he became a serial entrepreneur in the health and wellness space.