These expenses are so that you and, if married, your spouse can work, look for work or attend school full-time. The PayFlex Card spending made simple The PayFlex Card provides a simple way to spend the money in your PayFlex account. Note: If you have multiple accounts, select your health savings account from the drop-down menu at the top of the page. This lets you withdraw funds from your HSA and deposit them into your linked bank account. Step 1: Enter the amount you want to withdraw. It includes most expenses related to medical care, with the notable exceptions of. Yes. Insert your credit card into an ATM. If your issue is account related, you can get help via your online account. After you log in to the app, select Manage to get started. A healthcare FSA lets you use pre-tax dollars which you contribute to pay for eligible healthcare expenses that aren't covered by your health plan. Qualified service animals, such as a guide dog, including food and grooming costs. Then use it for a no-touch payment. Your card is good for five years as long as youre a PayFlex member. However, your employer sets your carryover amount. Youll then enter the last four digits of your Social Security number (SSN). Medicines and drugs from other countries. We may ask you to submit documents later to verify your expense is eligible. By choosing an HDHP and a PayFlex HSA, youre making the right choice for your personal well-being. Out-of-pocket expenses are those not covered by insurance or any other plan. Click on the Financial Center. Funds that are rolled over continue to grow and earnings are tax free. No. 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. Call our Client Care team at 1-888-472-8697. The reimbursement is generally just a bank transfer from HSA > checking account (or wherever) but can occur at any time. PayFlex Systems USA, Inc., Aetna, and CVS Pharmacy are part of the CVS Health family of companies. Submitting a claim through the PayFlex Mobile app . Enter the spouse or dependent name and click Submit. You no longer need a prescription from your physician to pay or get reimbursed for OTC drugs and medicines. Don't mark up the document with a highlighter. You can contribute up to $2,550 to your FSA this year, so you could have a lot of unused money to spend. 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. You can upload or fax your documentation to us. All of the money deposited into your HSA, up to the maximum annual contribution limit determined by the IRS each year, is 100% tax-deductible for federal income tax, FICA (Social Security and Medicare) tax, and state income tax (for most states). And if you're over the age of 55, you can make a catch-up contribution of $1,000. Well, PayFlex is designed with shoppers in mind. Pay with your PayFlex Card When you use it, your expense is automatically paid from your account. Or you can click on the column headers in the table to see which are eligible, eligible with a Letter of Medical Necessity (LOMN), or not eligible. Support for Clients and Employees. We don't want anyone else flexing their Payflex muscles using your card. If your plan has a grace period, youll have a little extra time to spend that money, but youll have to spend it all or forfeit some. Type text, add images, blackout confidential details, add comments, highlights and more. If HSA funds are withdrawn for non-medical use before age 65, some penalties apply: funds withdrawn early lose their tax-exempt status and are . Walmart doesnt currently accept HSA cards as a payment method , though, so customers who buy items from its HSA Shop use a credit or debit card and then submit an order receipt to their plan administrator for reimbursement. Fuel, gasoline for medical care reimbursement is eligible with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA). Yes. It is now late February and I still have not received my Flex Spending card. The PayFlex Card can give your employees instant access to their HSA to . It helps make it easier for you to spend the money in your PayFlex account. Is there confession in the Armenian Church. Your ID number is your Social Security number. 1. Want to know if your expense is eligible? Complete a paper claim form and mail or fax it with your documentation. Payment happens right away if you have funds in your health savings account (HSA), flexible spending account (FSA) or health reimbursement arrangement (HRA). There are three types of FSAshealth care FSA, dependent care FSA and limited purpose FSA. Typically, you must spend the money in your FSA by the end of the plan year. First, personal HSA contributions using after-tax money may be federal income tax-deductible. How does the braking system work in a car? 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. Start investing in your future today with a PayFlex HSA investment account. Flexible spending arrangements (FSAs) can help you spend less on health care, but only if you use yours correctly by spending all the money in it before a year-end deadline. 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. Spend - 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. It is similar to a debit card since it electronically accesses the money loaded onto the card, when used to pay for eligible expenses. Out-of-pocket expenses are those not covered by insurance or any other plan. Select the "cash withdrawal" or "cash advance" option. To send documents with your claim, simply take a picture and upload it through the app. It includes most expenses related to medical care, with the notable exceptions of health insurance premiums and over-the-counter medication. 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. Note: In order to keep your information safe, Paychex support staff may not be authorized to speak with our clients' employees, depending on the situation. There are four key benefits to the PayFlex Card. Once the claim is processed, PayFlex will reimburse your out-of-pocket expense by check or direct deposit to your authorized bank account. It must include the date(s) of service. There's no fee in anyone with a PayFlex account can use it. Check out the list of common eligible health care expenses. So how do we make money? Once you order a card, you should get it within 10 to 15 business days. If you have an HSA, you can use the card for eligible expenses that you incur after your HSA is opened. To use your card, simply . You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. Your election amount is simply deposited into your account and available on your card. Then enter your card number followed by the # sign. . However, your plan may have a grace period or carryover feature, which can help reduce forfeitures. If you need a card for your spouse or dependent, you can order one through the PayFlex member website at no cost. Have questions about your card? When youre ready to pay for an eligible expense, simply provide your card for payment. About the author: Lacie Glover is an insurance editor and writer and a NerdWallet authority on insurance. Click . This lets you withdraw funds from your HSA and deposit them into your linked bank account. If you have a PayFlex Health Savings Account, HSA, you can request funds and make deposits to your HSA. To get started, view your alerts. Generally, we send a request for documentation when were unable to verify if one or more of your card purchases is eligible. In 1997, HSA Bank entered the consumer-directed healthcare market by providing medical savings accounts (MSA) to small employers and the self-employed . Before your card expires, you'll receive a new card in the mail. Well let you know in the letter, the date you need to respond. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. Yes. Most of us probably zone out during our employer's health benefits presentation. Now its easier than ever to manage your PayFlex account on the go. Instant access to your money The PayFlex Card helps make it easier for you to spend the money in your tax-advantaged account. The PayFlex Card, your account debit card. 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. Request an HSA Visa debit card for yourself or any dependent on your account, age 18 or older. How do I find my PayFlex member ID number? Heres how it works. You can use your card at qualified merchants where Mastercard is accepted, and where merchants can process health care cards. All you need to do is send us documentation that shows the following: Well let you know in the letter the date that we need you to respond. What Happens If I DonT Pay National Insurance Contributions? Toothpaste is not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA). This lets you withdraw funds from your HSA and deposit them into your linked bank account. Since youre setting aside money before taxes, it can help reduce your taxable income, increase your take-home pay and improve your finances overall. This is the best form of documentation. Plus, you can take your HSA with you whether you change plans, jobs, or decide to retire. 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. Plus, an HSA is a triple tax advantage account, which means that contributions, earnings, and withdrawals for eligible expenses are tax-free. Medical spending includes expenses for hearing, vision and dental health, even if you dont have insurance for those. They can assist you with the process of restoring your identity. . Health care and limited-purpose FSA participants be sure to have your TexFlex debit card nearby. While your card is suspended, you cant use it for that account. Be sure to check your plan to see which accounts are offered. %%EOF Whats The Difference Between Class 2 And Class 3 NI Contributions? Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. PayFlex provides Aetna clients and members with more flexibility, as well as customized, easy-to-use tools and solutions to help manage health care expenses. Pay your provider You may pay your provider directly from your account. You can use this card to pay for certain eligible expenses. And as your balance grows, youll be able to invest your extra HSA dollars into mutual funds for those future health care expenses. The current contribution limits are $3,850 for individuals, $7,750 for families. If your FSA doesnt have a grace period or the carryover feature, you may have a run out period. You can do this online, through the PayFlex Mobile app, or complete a paper claim form and fax or mail it to us. If funds become available in your account, you can pay yourself back by submitting a claim. Each FSA has its own contribution limit, which is set by the Internal Revenue Service (IRS). But you'll make these contributions with after-tax funds rather than pre-tax funds, and the employer can charge an administrative fee of up to 2%. Simply choose your eligible expense item and use your card to pay from your PayFlex account. Below are some examples. Your plan administrator may have coupon codes or special deals so you can get more for your tax-free dollar, so head to your online FSA portal to find out first. 2023 PayFlex Systems USA, Inc. All Rights Reserved. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, How to Spend Your Extra FSA Money Before Its Gone for Good, Assigning Editor | Auto insurance, home insurance, other insurance. You'll also have access to our barcode scanner a tool that helps you verify if an item is an eligible healthcare expense. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. 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. Your employer will let you know how and when to submit claims. 1-844-PAYFLEX Note: If you dont send an EOB, itemized receipt or statement with your claim, well deny it. Call the number on the card to activate it. The exception is if you have any large expected medical costs, such as a planned surgery or new baby, coming in the next year. You can find this form in. Or you can simply pay out of pocket and then submit a claim to pay yourself back. If you want to upload your documentation, it must be in PDF format. If any of your HSA money is invested, your current HSA may be held in 2 separate accounts which are both eligible to be transferred. And employers get to decide whether or not to allow pre-tax . This, in turn, may help lower your taxable income. As you watch your savings grow, youll worry less about paying for your health in the future something your 401(k) will thank you for. Can I withdraw money from PayFlex? Just use the same username and password you use to log into your PayFlex member website. You may also be eligible to elect COBRA coverage for your FSA. This means, if you and your spouse are eligible to participate in a health care FSA, you may each contribute to your own FSA, up to this limit. Medical spending includes expenses for hearing, vision and dental health, even if you dont have insurance for those. Be sure to review your plan to determine whats eligible. With PayFlex, you have the tools, services, and support to make the best decisions for your health and financial well-being. It's good for five years. After you incur an eligible expense, you can: *Standard text messaging and other rates from your wireless carrier still apply. 51 0 obj <>stream **. The merchant may not be able to accept health care cards. %PDF-1.5 % Fill out a withdrawal slip indicating the amount you would like to withdrawal from your savings account. That's why we developed the PayFlex mobile app so you can have all your account information in the palm of your hand. Your account balance may not cover the expense. Example: You have an annual salary of $60,000 and you decide to contribute $2,500 to a health care FSA and $2,000 to a dependent care FSA. The card itself may have restrictions on where you can spendand on what. What can you use PayFlex for? Eligible expenses may include doctor and dentist visits, hospital stays, prescriptions, and hearing and/or vision care. 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. 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. A flexible spending account (FSA) lets you pay for eligible expenses with tax-free money. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. It helps you save on everyday items like contact lenses, sunscreen and bandages. You can also use your card at some discount and grocery stores. Submit a claim online. Call 1-888-678-7646 (TTY: 711). You can use this card to pay for certain eligible expenses. However, this does not influence our evaluations. Pre-qualified offers are not binding. to get started. How long will an HSA transfer take? A Limited Purpose FSA may also cover other health care expenses after you meet your deductible. With your pretax FSA contributions, you could save about $1,020. But let's say you decide to quit your job on Jan. 6. If you have questions about your FSA after you enroll, you may call Member Services at We know that many people live life on the go. Or your plan may only allow prescription . You can enroll in a Limited Purpose FSA if you have a Health Savings Account (HSA). You can submit a withdrawal request form to receive funds (cash) from your HSA. Learn about health/dependent care flexible spending accounts with the PayFlex Card, See the simple way to save with health/dependent care flexible spending accounts, Explore saving with health/dependent care flexible spending accounts (spanish version), Learn about the limited purpose FSA with the PayFlex Card, Save money with a limited purpose FSA when paying for dental and vision costs. Click on the Financial Center. 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). Click on the Financial Center. Read on to learn more about how FSAs can benefit you! It makes the fax hard to read. When you contribute to your HSA with the money you save from your lower premiums, you give yourself tax-free dollars.