If you have grown children on your health insurance plan but dont claim them as dependents, you can still spend FSA money on their medical expenses if they will be 26 at the end of the current plan year, usually Dec. 31. No, you can use funds only for the purpose for which the election was initially made. This lets you withdraw funds from your HSA and deposit them into your linked bank account. 3. Need to file a claim? The app is supported by the following devices: iOS version 10 or above on iPhone 5S, iPad Air, iPad Mini 2 or newer models, Android version 7.0 Nougat or above on phones or tablets, View your account balance, deposits and payments, View your PayFlex Card purchases and submit documentation (if applicable), View account alerts and PayFlex contact information, Pay your health care provider directly from your HSA, Get protected access to your account information, Use the same secure username and password you use on this website. . What if I don't have documentation or used my card in error? Medicines and drugs from other countries. Using your smartphone you can simply scan an item's barcode to see instantly if it's eligible. For 2022 I had an HSA account (effective 1/1/22) but didn't receive my card until March of 2022. Be sure to review your plan to determine whats eligible. You can use this card to pay for certain eligible expenses. Please mail, fax or email the completed form to PayFlex The address, fax number and email address are on the bottom of the form. So, you can't withdraw money from your online casino account if that's what you're looking for. Follow these steps to change your card details on Payflex: First, you will need to log in to our Customer Portal Once you're logged into the customer portal, follow these steps: Select the View Order button for the order that you wish to add the new card to. And enjoy all the PayFlex Card has to offer. Once you receive dental treatment, pay the bill with the PayFlex Card, your account debit card. Click on the Financial Center. Despite the hassle of having to spend this extra money, FSAs are generally a good way to avoid paying taxes on medical costs. We don't want anyone else flexing their Payflex muscles using your card. The card wont work at an ATM. The funds roll over year to year, and the account earns interest too. Primary hours. App Store is a service mark of Apple, Inc. Android, Google Play and the Google Play logo are trademarks of Google LLC. If you have a PayFlex HSA, you can transfer funds through the app. Your card may be suspended. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. To get your money faster, link your bank account (set up direct deposit) After logging in, go to . Can I withdraw money from my payflex card? 1. Click on the Financial Center. . You can either accept HSAs the old-fashioned way by supplying your client with a superbill , or do it the 21st-century way by swiping their HSA debit card through a credit card reader. Your employer will deduct that amount from your paycheck in equal amounts each pay period. Use your card at qualified merchants who can process health care cards. 51 0 obj <>stream 2. If you're a new user, click Create Your Profile. If your FSA doesnt have a grace period or the carryover feature, you may have a run out period. Is there confession in the Armenian Church. Your election amount is simply deposited into your account and available on your card. While FSAs can save a lot of tax money, those savings arent as clear when you have to hurry at the end of the year to spend more money to get the benefit. Log in to the app and select the Financial Center. HSA funds cant be rolled over into an IRA account Theres also no reason to do so, because you preserve your right to use the funds tax-free for medical costs at any time with an HSA. It's like a retirement or college savings account built just for health care expenses, and we provide specialized tools that let you select and manage your investments online. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. You can enable push notifications to receive automated alerts about your account activity. You already know how a PayFlex health savings account, HSA, is a great way to save for health care expenses. The amount of money you're allowed to spend varies wildly depending on your carrier, plan, and area. Complete a paper claim form and mail or fax with your documentation. Check with your employer for details about your plan so you can maximize your savings. Your health savings account, or HSA, is a smart money management tool that lets you set aside money tax-free to pay for eligible expenses such as your medical plan deductibles and co-insurance, prescriptions, even some over-the-counter stuff, like first aid and pain relievers, vision and dental care, and so on. A $10 fee is charged for replacing a lost or stolen card. Before you try to spend the leftover cash, you should know whether either option applies to your FSA so you know how much you really need to use now. If your health plan is covering part of the expense, you may want to wait to use the card until you know how much you owe. By choosing an HDHP and a PayFlex HSA, youre making the right choice for your personal well-being. If your expense didnt go through your medical or dental plan, you can send an itemized receipt or statement for the expense. These deductions are pretax. If you already have a PayFlex Card and you re-enroll in a limited purpose FSA for the 2022/2023 plan year - you can use the same card. . If the merchant or provider allows you to select debit or credit, either option will work. A dependent care FSA helps you pay for eligible child or adult day care expenses. See How it Works If you have a Flex Spending Account (FSA), you may not be aware that Massage Therapy can qualify as a medical expense. If your SSN is not accepted, you may need to enter the last four digits of your Employee ID number. There are four key benefits to the PayFlex Card. 03. When youre ready to pay for an eligible expense, simply provide your card for payment. 1. These expenses are so that you and, if married, your spouse can work, look for work or attend school full-time. It is similar to a debit card since it electronically accesses the money loaded onto the card, when used to pay for eligible expenses. Although your employer can require that you take the medical or dental plan in order to have a health care FSA, not all plans are designed this way. Add your card to your digital wallet for an even more convenient way to pay. Remember, your funds don't always roll over, so be sure to spend it all by the end of the plan year. I signed up in October for an effective date of 1/1/23. Two options for that extra cash. No. If your health plan is covering part of the expense, wait to use the card until you know how much you owe. By the way, that HSA of yours will grow over time. Where can you withdraw money from your EBT card for free? Money set aside in these accounts will reduce your taxable income, providing you with more value for the dollar. You may also be eligible to elect COBRA coverage for your FSA. A dependent care FSA can help pay for services like daycare, preschool, and elder care. Previously, he has worked as a channel manager at MSN.com, as a web manager at University of California San Diego, and as a copy editor and staff writer at the Los Angeles Times. Now its easier than ever to manage your PayFlex account on the go. The IRS has a list of approved medical expenses you can check out for more details. Anyone with a PayFlex account can use it for free*. Yes, you can add your FSA or HSA card as a payment option in Your Account by clicking here. Your HSA card can only be used for eligible expenses at specific healthcare-related service providers or merchants where you can purchase healthcare goods or services Your HSA card has no cash access. Go to Account Settings. How do I find my PayFlex member ID number? And use our simple barcode scanner while you're shopping to see which products are eligible expenses. For this reason, we ask that you please contact your employer or on-site administrator before contacting Paychex. And when you're using a desktop, you can expect the same user-friendly experience. SAM. Medical spending includes expenses for hearing, vision and dental health, even if you dont have insurance for those. Many transfers between accounts can happen immediately. It makes the fax hard to read. FSAs are set up by an employer in a cafeteria plan, where your employer provides certain benefits on a pretax basis. An HSA is similar to an individual retirement account (IRA) or 401(k). The money that goes into your account, which is how you save for current and future eligible expenses, is based on how much you contribute. You can roll over all the funds in your HSA Rolling over your funds every year allows you to grow the value of your portfolio. Personal care items like toilet paper and soap. However, this does not influence our evaluations. But if we do, send your prescription drug receipt that includes the pharmacy name, patient name, prescription name, date the prescription was filled, and the amount you paid. The 2nd option is the one you are using, with a 1 year delay. Generally, you have 30 calendar days from the date of your status change to change your election. It can also happen when we receive a description of the expense from the merchant or provider that doesnt clearly tell us what you paid for. Then you can pay yourself back with your FSA through the PayFlex Mobile app or website. 7:00 AM - 7:00 PM. Choosing the right health plan can be easier than you might think. Generally, we send a request for documentation when were unable to verify if one or more of your card purchases is eligible. Shop at CVS with the PayFlex Card , your account debit card You can use your PayFlex debit card to pay for things like allergy medicines, bandages, cold/cough medicines, feminine hygiene products, medicated lip balm, pain relievers, sunscreen and thermometers. Note: If you don't respond to the request, your card may be suspended until you either send in the Here is a list of our partners and here's how we make money. Spend the funds in your FSA (and other benefit accounts) using your smart benefits debit card. card. Sign in to your HSA using digital banking at TheHSAAuthority.com. 4. Once you create your PIN, you can use it right away. How to avoid cash withdrawal fees. Re: Moving HSA Advice: from PayFlex to Fidelity Fidelity has no fees Contact only Fidelity, they will step you through the process. Note: Closing the account may have tax consequences. Then you would pay the balance with another form of payment. Click on Order a Dependent Card. Though the rollover option will likely be available next year, youll have to spend this years funds before you dip into next years. Eligible expenses may also include prescriptions and OTC items for dental and vision care. Employers are also allowed to give unused money back to workers -- but there's a catch. By the time we get to the health savings account (HSA . After you log in to the app, select Manage to get started. This is the FSA use-it-or-lose-it rule. For . A healthcare FSA lets you use pre-tax dollars to pay for eligible healthcare expenses that aren't covered by your medical plan. Generally, funds left in an FSA at the end of the year are forfeited. You can upload or fax your documentation to us. You can do this online, through the PayFlex Mobile app, or complete a paper claim form and fax or mail it to us. Apple, iPad Air, iPad Mini, iPhone and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. endstream endobj startxref Click . Enter the amount PayFlex deposited into your account. This information may be different than what you see when you visit a financial institution, service provider or specific products site. But let's say you decide to quit your job on Jan. 6. 02/03/2023 - 02:36 CST. Health Care FSA Note: We cant accept a cancelled check, credit card receipt, or billing statement that shows previous balance, balance forward, estimated, filed, or pending insurance.. These include deductibles, coinsurance, co-pays, and over-the-counter (OTC) items. Your plan will determine this. Using your card means you dont have to pay out of pocket. The expense may be ineligible under your plan. Pay your provider . You should contact your Human Resources or Benefits Department for more information. While there are no minimum contribution or balance requirements, the federal government does set limits on how much can be contributed each year. Otherwise, you can create a fax coversheet and fax your documentation to PayFlex. Enter the irst and last name of your spouse or dependent Submit. Mail: Mail your documentation to PayFlex. . You can order up to nine additional cards. Theyre different from health savings accounts, or HSAs, in that the money can be spent only in the calendar year its contributed. 2023 PayFlex Systems USA, Inc. All Rights Reserved. Don't mark up the document with a highlighter. Here are all the ways you can get in touch with us. Employers may set a lower limit, so you should check your plan to know how much you can contribute. It is now late February and I still have not received my Flex Spending card. Select Bank accounts. Therefore, your taxable income is less. Now let's get you up to speed on Flexible Spending Accounts, FSA. You should check your plan to know how much you can contribute. Then withdraw funds from your FSA to pay yourself back and have your payment deposited. Yes. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. So, you could save about 30 cents on every dollar you spend on eligible expenses. Frequently asked questions How does the card work? PayFlex Withdrawal Fee. Your employer may set a lower limit. Simply click on the corresponding icons to visit our online vendors to purchase an eligible healthcare item. Your employer couldn't force you to pay back the $1,000 you spent, even though you never contributed a cent to the account. PayFlex Card. This lets you withdraw funds from your HSA and deposit them into your linked bank account. In many FSAs with an extension option, the deadline to use the money is the same as the deadline to submit claims to the FSA broker for the year. Once funds are in your FSA, you can use the PayFlex Card, your account debit card, to pay for your eligible expenses, if offered by your employer. Note: If you have multiple accounts, select your health savings account from the drop-down menu at the top of the page. These limits are subject to change annually. Her work has been featured by USA Today, U.S. News and World Report and The Associated Press. This limit is for each FSA participant. However, you should keep all your itemized receipts, statements and Explanations of Benefits (EOBs). Once you order a card, you should get it within 10 to 15 business days. 10.4. Its a fast, easy and secure way to pay. And employers get to decide whether or not to allow pre-tax . Can I withdraw money from PayFlex? You'll need it to set up your online account. But with a little extra planning, you might be able to find a workaround to get the money . Is Covered California The Same As Health Net? Your FSA likely has one of these options for excess money in the account, but it cannot have both under IRS rules. Each FSA has its own contribution limit, which is set by the Internal Revenue Service (IRS). *Standard text messaging and other rates from your wireless carrier still apply. If your expense went through your medical or dental plan, youll need to send an Explanation of Benefits (EOB) from your plan. This could be medical, vision, dental, prescriptions, plus over-the-counter stuff like pain relievers or cold and flu medicine. With the PayFlex Mobile app, you can access your account anytime, anywhere. Visit Website. Option 3: (Choose this option only if your dentist requires you to pay before insurance pays.) . Whether you're commuting to work or taking the kids to soccer practice you need a solution that offers flexibility and the power to access your healthcare funds whenever, wherever. Contact us You can only use the card at merchants and providers that accept Mastercard and health care cards. You dont need a new card when you move from one PayFlex plan to another. Select the "cash withdrawal" or "cash advance" option. Here are a few of the ways we make your security our priority: Give us a call. If you have the rollover option, youll have all of next year to spend that money, on top of any money you plan to contribute next year. You no longer need a prescription from your physician to pay or get reimbursed for OTC drugs and medicines. You have more options than you might expect. Search for the order using the customer name or payflex order number or merchant reference number; Select the view/refund button; Capture the amount and reason for processing the refund (for your own records). Use our app to scan a barcode, in-store or anywhere else. Expense is automatically deducted Learn more about Health Care Flexible Spending Accounts, Tax-free spending on eligible health care expenses, Let's take the mystery out of pretax accounts, PayFlex Individual Health Savings Account (HSA), Employer-sponsored Health Savings Account (HSA), Health Care Flexible Spending Accounts (FSAs), Dependent Care Flexible Spending Accounts (FSAs), Money spent after-tax on health care expenses, Money spent after-tax on dependent care expenses, Change in legal marital status (marriage, divorce, legal separation, annulment, death of a spouse), Change in number of tax dependents (birth, adoption, death), Change in employment status that affects benefit eligibility, Dependent becomes or is no longer eligible under the plan (reaches limiting age, gains or loses student status), Change in residence that affects eligibility. If you request a rollover, the HSA custodian will send the funds to you via check or transfer to your personal bank account (not your HSA). Or your plan may only allow prescription . Please refer to your employers plan for specific information about your plan. You can use bank transfer casinos for withdrawals. The PayFlex Card is your account debit card. This means your contribution comes out of your paycheck before Federal, Social Security and in some cases, state taxes are deducted from your pay. There's just so much I wanna chat with you about on how you can plan, save, and spend smarter. Then select File Claim to get started. Funds in your account roll over from year to year. on the log in page of the app. There may be times when we ask you to show that a card purchase is eligible. You contribute, spend and save. Email and text message options are also available. If you have a PayFlex FSA or HRA, you can use the app to submit a claim to pay yourself back for an eligible expense you paid out of pocket. This influences which products we write about and where and how the product appears on a page. Check the app and view your balance in just a couple of taps. Submit a claim online. Medical spending includes expenses for hearing, vision and dental health, even if you dont have insurance for those. That's why we developed the PayFlex mobile app so you can have all your account information in the palm of your hand. You may be able to use your PayFlex Card to pay for OTC items, supplies, drugs and medicines, if theyre considered eligible under your plan. Use the search bar to find specific items and services. To use your card, simply . To learn what's allowed, visit an online FSA store that sells only FSA-eligible items, like FSAstore. This lets you withdraw funds from your HSA and deposit them into your linked bank account. With the PayFlex mobile app, you can check your account balances, payments and deposits, submit claims for reimbursement and pay providers directly from your account. Account . You may still be able to submit claims for eligible expenses that you incurred during the time you had coverage. A standard transfer is free and can take between 1 and 3 business days. (1-844-729-3539) (TTY: 711), Monday through Friday, 7 AM to 7 PM (CT) If youre worried about identity theft after cancelling your card, you can use Mastercards Identity Theft Resolution Services at no cost. Under Quick Links, click Manage My Debit Card(s). Pre-qualified offers are not binding. Select the "credit" option, if necessary (you may be asked to . You can always use another form of payment for your expenses and submit a claim to pay yourself back. Flexible Spending Arrangements (FSAs) are tax-free, "use it or lose it" savings accounts for medical and certain non-medical expenses. This change only applies to OTC drugs and medicines you paid for after December 31, 2019. Note: If you have multiple Remember: If you use your personal credit card rather than the PayFlex Card, please keep your printed receipt(s) and submit online via Express Claims. Health savings accounts Withdrawals are tax-free for qualifying medical expenses. Your account balance may not cover the expense. Online Transfer On HSA Banks Member Website , you can transfer funds from your HSA to an external bank account, such as a personal checking or savings account. Any travel for medical care you did this year. Once your account hits the minimum required balance for investments, you can start investing your money. Support for Clients and Employees. The Instalment Plan is automatically adjusted by the Payflex Platform by applying the refund amount to the last instalment first and working backwards to the other instalments. If your expense is eligible, you can submit a claim to pay yourself back. Enter the first and last name of your spouse or dependent name and click Submit. And if you're over the age of 55, you can make a catch-up contribution of $1,000. Well then cancel your card and send you a new one. At age 65, you can withdraw your HSA funds for non-qualified expenses at any time although they are subject to regular income tax. Do not sell or share my personal information. Have questions about your card? Flexible spending accounts (FSAs) allow you to reduce your tax burden and increase your take home payable income, while you set aside money for eligible medical expenses. Manage your investment account - you can check the balance, see a summary of your fund performance, update your cash threshold, make changes to your portfolio and more. This reduces your taxable income. You can invest it, and it . PayFlex Mobile app*: Log in to the PayFlex Mobile app. 03.752.1-ST B (4/20) . Aetna and PayFlex offer a debit card that covers out-of-pocket payments for in-network primary and specialty care and other medical and diagnostic services . You wont have to submit a claim for your PayFlex Card expenses or wait for reimbursement. Enter your credit card PIN. Pay with your PayFlex Card When you use it, your expense is automatically paid from your account. Be sure to review your plan to find out exactly whats eligible. If you leave a job with money remaining in your FSA and you're eligible to elect COBRA, you'll have an opportunity to continue to make your regular FSA contributions. However, you can still pay for eligible expenses out of pocket and submit a claim to pay yourself back. No. If funds become available in your account, you can pay yourself back by submitting a claim. How much money can you roll over in an HSA? PayFlex is the administrator of the TexFlex Flexible Spending Accounts. Save money on taxes by enrolling in TexFlex! For a full list of whats eligible, go to www.payflex.com. UAH employees can take advantage of flexible spending accounts (FSAs), which are pretax reimbursement accounts administered by PayFlex for eligible medical and dependent care expenses. Call Card Services at 1-888-999-0121. And thats how an HSA can help you build a better financial future. The PayFlex Card spending made simple The PayFlex Card provides a simple way to spend the money in your PayFlex account. Contribute - Estimate the amount you expect to spend during the plan year on eligible out-of-pocket expenses. HSA funds can also be withdrawn for non-medical expenses like buying a home or paying with a larger down payment. Qualified service animals, such as a guide dog, including food and grooming costs. The card wont work at an ATM And you cant get cash back with your card. So go ahead, swipe your card or use your digital wallet to pay for your health care expenses. You have options with a health care FSA. A Limited Purpose FSA can help you save your HSA funds for the future. Be sure to check your plan to see which accounts are offered. This is an IRS rule. With PayFlex, you have the tools, services, and support to make the best decisions for your health and financial well-being. Thats right - this is the only tax- free financial account where you can gain interest and save money while spending on qualified health expenses. Before your card expires, you'll receive a new card in the mail. Whether your ATM withdrawal limit is a few hundred bucks or a few thousand dollars, it could be an inconvenience if you need cash quick and have hit your max. Submit a claim using the PayFlex Mobile app. If you receive a new card, call the number listed on the activation label. This can be done on its website or through the PayPal app. You have control and can choose your mix of funds based on your age or risk tolerance. We cant accept a cancelled check, credit card receipt or billing statement that shows previous balance, balance forward, estimated, filed or pending insurance.. Go to Account Settings. However, once we confirm that the amount you paid was for an eligible expense or receive your re-payment to cover the expense, well re-activate your card. You can use your HSA account for a lot more than you think. First, personal HSA contributions using after-tax money may be federal income tax-deductible. Fuel is eligible for transportation to and from medical care, up to the allowed mileage rate. "t;#/~0 , I was charged one fee by PayFlex which was reimbursed by fidelity. As a writer, her work was featured in The Associated Press, The Motley Fool and U.S. News & World Report. And make sure to download the PayFlex mobile app to manage your account wherever, whenever. Your employer will let you know how and when to submit claims. And as your balance grows, youll be able to invest your extra HSA dollars into mutual funds for those future health care expenses. Call us as soon as possible to report a lost or stolen card. Tap your PayPal balance. We use cookies to ensure that we give you the best experience on our website. Any unused pre-tax funds will be forfeited to your employer, and any post-tax funds will be refunded to you at the end of the ninety (90)-day period. Want to know if your expense is eligible? When you file Form 8889 for the reimbursing year, this amount will appear . Saturday, 9 AM to 2 PM (CT). Or you can simply pay out of pocket and then submit a claim to pay yourself back.
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