And with PayFlex, you'll have the tools, services, and support to make the right decisions for your health and financial well-being. If your FSA includes the carryover feature, you may be able to carry over up to $610 in unused funds to the next plan year. If the cash is used to pay for ineligible purchases, it must be reported when youre filing your taxes. And when you're using a desktop, you can expect the same user-friendly experience. Money set aside in these accounts will reduce your taxable income, providing you with more value for the dollar. All financial products, shopping products and services are presented without warranty. Primary hours. Then use it for a no-touch payment. Check out some of the frequently asked questions below. Need to file a claim? For a full list of whats eligible, go to www.payflex.com. Its quite simple, really. So to break it down for you, PayFlex includes health savings plans and flexible spending plans. Call us as soon as possible to report a lost or stolen card. 39 0 obj <>/Filter/FlateDecode/ID[<3EC4ADDF315B47999FAB81CA5F9841E0>]/Index[20 32]/Info 19 0 R/Length 86/Prev 96267/Root 21 0 R/Size 52/Type/XRef/W[1 2 1]>>stream Please mail, fax or email the completed form to PayFlex The address, fax number and email address are on the bottom of the form. Lacie Glover spent more than five years covering health care costs and all types of insurance as a NerdWallet writer before becoming an assistant assigning editor in 2019 and later an assigning editor on the insurance team. Email and text message options are also available. 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. Unused HSA funds roll over year to year; there is no use it or lose it penalty. This change only applies to OTC drugs and medicines you paid for after December 31, 2019. For dependent care expenses, the dependent care provider must sign the claim form or provide an itemized receipt. A high-deductible health plan can be combined with a Health Savings Account (HSA). A flexible spending account (FSA) lets you pay for eligible expenses with tax-free money. After you log in to the app, select Manage to get started. Qualified service animals, such as a guide dog, including food and grooming costs. The funds in an HSA can be used for general non-medical purposes, without penalty, once the employee reaches age 65. But did you know you can invest your funds to save even more? An Aetna Health Fund Health Savings Account* works like a bank account. Just pay for those expenses out of pocket. How does the card work? Note: If you have multiple accounts, select your health savings account from the drop-down menu at the top of the page. When you pull out funds from your HSA for . If you continue to use this site we will assume that you are happy with it. Here are a few of the ways we make your security our priority: Give us a call. Youll need to contact your Human Resources or Benefits Department to change your election. I've had problems with PayFlex for both HSA and Flex Spending accounts. Once the plan year is over, that money is gone. You can use your FSA debit card only to cover eligible expenses specified by your plan. It must include the date(s) of service. Not sure which account is right for you? You can contribute money from each paycheck into your HSA. If so, you can use the card to pay for eligible expenses at qualified merchants. Once you create your PIN, you can use it right away. When you file Form 8889 for the reimbursing year, this amount will appear . What most people view as routine expenses can actually be FSA-applicable.. You can do this online, through the PayFlex Mobile, or complete a paper claim form and fax or mail it to us. 3. Staying proactive is key to managing your potential financial growth. PayFlex Mobile app*: Log in to the PayFlex Mobile app. This is the FSA use-it-or-lose-it rule. You should check your plan documents to confirm this. By the way, that HSA of yours will grow over time. Your employer may offer the PayFlex Card with your health care FSA. Where can you withdraw money from your EBT card for free? So, you can't withdraw money from your online casino account if that's what you're looking for. You can use this money to pay for HSA eligible products. 0 You can use this card to pay for certain eligible expenses. You can feel good about contributing to a health care FSA. Be sure to check your plan to see which accounts are offered. How Do I Withdraw Money From My PayFlex HSA? If you're a new user, click Create Your Profile. So, when you use your FSA funds, its like youre saving about 30 cents on every dollar you spend. If your FSA doesnt have a grace period or the carryover feature, you may have a run out period. However, you should keep all your itemized receipts, statements and Explanations of Benefits (EOBs). Many transfers between accounts can happen immediately. You can withdraw money from your HSA at any time for any purpose If the money is used for an ineligible expense (whether medical or non-medical), the expenditure will be taxed and, for individuals who are not disabled or over age 65, subject to a 20% tax penalty. 03. Go to your bank if you do not have a checking account that is linked to your savings account. This only applies to flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs). If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Use our app to scan a barcode, in-store or anywhere else. After this, you'll get your personal identification number. You can use the card to pay for eligible expenses. And use our simple barcode scanner while you're shopping to see which products are eligible expenses. You can do this online, through the PayFlex Mobile app, or complete a paper claim form and fax or mail it to us. That's why we developed the PayFlex mobile app so you can have all your account information in the palm of your hand. Fastest Paying PayFlex Casinos in 2023 Enter the first and last name of your spouse or dependent name and click Submit. Generally, funds left in an FSA at the end of the year are forfeited. So, you could save about 30 cents on every dollar you spend on eligible expenses. Can I withdraw money from my HSA after age 65? 02. Enter the spouse or dependent name and click Submit. Though the rollover option will likely be available next year, youll have to spend this years funds before you dip into next years. With your pretax FSA contributions, you could save about $1,020. Fax or mail your claim to PayFlex . 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 . Pay with your PayFlex Card When you use it, your expense is automatically paid from your account. A dependent care FSA can help pay for services like daycare, preschool, and elder care. Out-of-pocket expenses are those not covered by insurance or any other plan. However, your plan may have a grace period or carryover feature, which can help reduce forfeitures. Pre-qualified offers are not binding. And when they are paired together, you can save even more. Instant access to your money The PayFlex Card helps make it easier for you to spend the money in your tax-advantaged account. Heres how it works. If your plan includes a PayFlex Card, you'll use that to register your account on the PayFlex member website. 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). 10.4. The PayFlex Card is your account debit card. You may also be eligible to elect COBRA coverage for your FSA. Identity Theft Resolution Services include: To learn more about the Identity Theft Resolution Services, call the Mastercard Assistance Center at 1-800-MC-ASSIST (1-800-622-7747). Complete a paper claim form and mail or fax with your documentation. Don't mark up the document with a highlighter. The card itself may have restrictions on where you can spendand on what. Then withdraw funds from your FSA to pay yourself back and have your payment deposited. Check with your employer for details about your plan so you can maximize your savings. Click Complete Validation next to the bank account you wish to validate. How long will an HSA transfer take? A Limited Purpose FSA generally helps you pay for eligible dental and vision expenses. Apple, iPad Air, iPad Mini, iPhone and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. If the merchant or provider allows you to select debit or credit, either option will work. When its time to decide how much goes into the next one, you can select that amount. Any funds left in your FSA after the run out period will be forfeited. You can also use your card at some discount and grocery stores. Click on Make an HSA Withdrawal. Your plan will determine this. Before your card expires, you'll receive a new card in the mail. Frequently asked questions How does the card work? What will happen to potassium if the sample is hemolyzed? This is true even if you dont cover your spouse and dependents on your health plan. This is a good process with any account transfer, the company receiving the money has the incentive to make things go smoothly. 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 not offered, you can easily be reimbursed from PayFlex for any money you spend out of pocket on qualified expenses, by taking a picture of your receipt and uploading through our mobile app or member website. In a Nutshell. When you go to withdraw PayPal payments, you can do so through a standard transfer or an instant transfer. You can find this form in. See why thousands of members are giving the enhanced mobile app* a "thumbs-up." Your card is good for five years as long as youre a PayFlex member. Note: If you dont send an EOB, itemized receipt or statement with your claim, well deny it. For full refunds, the refund amount will be equal to the sum of instalments paid to date. Our opinions are our own. There are three types of FSAshealth care FSA, dependent care FSA and limited purpose FSA. Use your card at qualified merchants who can process health care cards. You could check your balance and ask the merchant to charge your card just for the amount that you have available. Once the plan year is over, that money is gone. Then you would pay the balance with another form of payment. 11819 Miami St STE 200. 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. Want to know if your expense is eligible? A $10 fee is charged for replacing a lost or stolen card. Call the number on the card to activate it. Review the full list of eligible expenses and choose how to spend your funds. Plus, you can take your HSA with you whether you change plans, jobs, or decide to retire. Please try again later. . 24/7 access to Mastercards certified resolution specialists, Internet monitoring to proactively detect stolen personally identifiable information and compromised confidential data online, Assistance from a specialist with notification to all three major credit reporting agencies to place blocks on cardholders records and obtain free credit reports, Assistance with completing paperwork to alert various parties of the potential fraud, Education about how identity theft can occur and protective measures to avoid further occurrences. So go ahead, swipe your card or use your digital wallet to pay for your health care expenses. This may include doctor and dental offices, hospitals, pharmacies, and hearing and vision care centers. Within the PayFlex member website, you can view your account balance, open an investment account or review recent transactions and activity. When youre ready to pay for an eligible expense, simply provide your card for payment. How does the braking system work in a car? HSA funds can also be withdrawn for non-medical expenses like buying a home or paying with a larger down payment. Under Quick Links, click Manage My Debit Card(s). Click on Make an HSA Withdrawal. We don't want anyone else flexing their Payflex muscles using your card. NerdWallet strives to keep its information accurate and up to date. Contact us Go to Account Settings. Save - Your FSA contributions are tax-free. You'll be able to research the mutual funds available to you and make informed choices. Despite the hassle of having to spend this extra money, FSAs are generally a good way to avoid paying taxes on medical costs. HR cannot just refund you whatever is left in your account. This can be done on its website or through the PayPal app. The turnaround time is typically three to five business days from the date the claim is processed. If you select debit, youll need to enter a Personal Identification Number (PIN). Pre-qualified offers are not binding. Employees must re-enroll in the FSA program . Omaha, NE 68164-3642. After you log in to the app, select Manage to get started. This, in turn, may help lower your taxable income. These include day care, before and after school programs, nursery school or preschool, summer day camp and adult day care. Pay with your PayFlex Card When you use it, your expense is automatically paid from your account. *Devices supported: iOS version 10 or above on iPhone 5s, iPad Air, iPad Mini 2 or higher models and Android version 7.0 Nougat or above on phones and tablets. In 2011, Aetna acquired PayFlex to support its existing consumer-directed product offerings. The merchant may not be able to accept health care cards. Click on Trouble logging in? Your ID number is your Social Security number. This is the best form of documentation. If your issue is account related, you can get help via your online account. 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. This means you may choose credit and sign the receipt. You may be charged $2 to $5 every ATM withdrawal with your prepaid card. 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. For . If youre worried about identity theft after cancelling your card, you can use Mastercards Identity Theft Resolution Services at no cost. Frequently asked questions . The PayFlex Card can give your employees instant access to their HSA to pay for eligible expenses at qualified merchants If they have an Apple or Samsung device, they can add the card to their digital wallet. And if you haven't set up your online account with PayFlex yet, go to payflex.com to get started. If so, you can use the card to pay for eligible expenses at qualified merchants. While there may be one plan with this benefit, it's unavailable in all areas or for all beneficiaries. That's why we offer the PayFlex card, the account debit card that makes it simple for you to pay for your eligible expenses. Bank accounts. You may also use your card at some discount and grocery stores. You can enable push notifications to receive automated alerts about your account activity. When you contribute to your HSA with the money you save from your lower premiums, you give yourself tax-free dollars. Since youre setting aside money before taxes, it can help reduce your taxable income, increase your take-home pay and improve your finances overall. To withdraw money from PayPal, you'll have to log in to your account and link a debit card or bank account. Lacie is a NerdWallet authority on insurance products and loves data, analytics and solving SEO mysteries. A health care FSA helps you pay for eligible out-of-pocket medical, dental, vision, hearing and prescription drug expenses for you, your spouse and your tax dependents. When evaluating offers, please review the financial institutions Terms and Conditions. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. Click on Order a Dependent Card. It includes most expenses related to medical care, with the notable exceptions of health insurance premiums and over-the-counter medication. You're taking a loan to pay off high-interest debt. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. The average benefit is about $500 per year, and in the current advertisement, everyone asks about a $2,880 Medicare Flex Card. Expense is automatically deducted Your card may be suspended. We have to suspend cards when we dont receive information from you to show that a card purchase is eligible. You can avoid paying taxes by continuing to use the funds for qualified medical expenses. If you choose to send funds to someone else, youll have to select/add a recipient and enter some details about your payment. You're unable to log in at this time. Check out the list of common eligible health care expenses. (800) 284-4885. Option 3: (Choose this option only if your dentist requires you to pay before insurance pays.) No. Yes. The 2nd option is the one you are using, with a 1 year delay. 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. Generally, you have 30 calendar days from the date of your status change to change your election. Download the app today from your mobile device's app store. 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. Typically, you must spend the money in your FSA by the end of the plan year. FSAs are tax-advantaged accounts that can be used for medical expenses only; they're sometimes also called flexible spending accounts. Add your card to your digital wallet for an even more convenient way to pay. You can lock your TASC Card from being used with the Card Lock feature online or in the TASC app. What if I don't have documentation or used my card in error? Because most plan years are calendar years, this option usually allows you to use the money from Jan. 1 to March 15 the next year. This lets you withdraw funds from your HSA and deposit them into your linked bank account. No. Pay your provider . Click on Make an HSA Withdrawal. Yes. You should contact your Human Resources or Benefits Department for more information. The current contribution limits are $3,850 for individuals, $7,750 for families. Need help with your PayFlex account? Account . For 2022 I had an HSA account (effective 1/1/22) but didn't receive my card until March of 2022. Your employer couldn't force you to pay back the $1,000 you spent, even though you never contributed a cent to the account. If you dont respond by that date, well have to suspend your card. You'll receive your PayFlex card in the mail. You can also set up your account to auto-invest all or part of your future contributions in the funds you select, so you have the flexibility to spread your HSA dollars among your fund options however you like. 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. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. An HSA is similar to an individual retirement account (IRA) or 401(k). Or you can simply pay out of pocket and then submit a claim to pay yourself back. Health Benefits Debit Card Your HSA Bank Health Benefits Debit Card provides access to your HSA funds at point-of-sale with signature or PIN and at ATMs for withdrawals. 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. . Use it for eligible health care expenses, such as doctor and dentist visits, prescriptions, hospital stays, hearing and vision care. 6. The money you contribute reduces your taxable salary, meaning thousands in tax savings for high-income folks. 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. 3. If you have a PayFlex Health Savings Account, HSA, you can request funds and make deposits to your HSA. Click on the Financial Center. Or your plan may only allow prescription expenses. You may still be able to submit claims for eligible expenses that you incurred during the time you had coverage. Remember, your funds don't always roll over, so be sure to spend it all by the end of the plan year. 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 . ONE debit card for your FSA and all your other benefits. (1-844-729-3539) (TTY: 711), Monday through Friday, 7 AM to 7 PM (CT) Enter the spouse or dependent name and click Submit. You can order up to nine additional cards. Your FSA likely has one of these options for excess money in the account, but it cannot have both under IRS rules. Then you can pay yourself back with your FSA through the PayFlex Mobile app or website. Saturday, 9 AM to 2 PM (CT). With most flexible spending accounts, funds are available on the first day of the plan year. No problem. You have control and can choose your mix of funds based on your age or risk tolerance. If funds become available in your account, you can pay yourself back by submitting a claim. You cannot roll over HSA funds into a 401(k) You also cannot roll over 401(k) money into an HSA. A good starting point is determining how much of your FSA funds you spent effortlessly this year. You can process multiple refunds up to the total value of the original order i.e. Youll use the same username and password you use for the PayFlex member website. At age 65, you can withdraw your HSA funds for non-qualified expenses at any time although they are subject to regular income tax. Select the "credit" option, if necessary (you may be asked to . hbbd``b` $; Hpi VM)X$@8 & 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. You can download the app from your mobile devices app store. How do I transfer money from my PayFlex card to my bank account? Get Directions. After you incur an eligible expense, you can: *Standard text messaging and other rates from your wireless carrier still apply. If you have a TexFlex FSA, you can set up your online account. When you receive your PayFlex Card in the mail, call the number on the card to activate it and get your personal identification number (PIN). If the person leaves their job, the HSA (and any money in it) goes with the employee They are free to continue using the money for medical expenses and/or move it to another HSA custodian. Theres no fee to download the app. 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. 01. You can do this online, through the PayFlex Mobile app, or complete a paper claim form and fax or mail it to us. Yes, that 20% tax sure bites, as it was your money . It's good for five years. Well let you know in the letter, the date you need to respond. 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. 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. You can use your card at qualified merchants where Mastercard is accepted, and where merchants can process health care cards. Click on Order a Dependent Debit Card. You should check your plan to know how much you can contribute. You have more options than you might expect. The expense may be ineligible under your plan. We're sorry. Your employer will let you know how and when to submit claims. Once the claim is processed, PayFlex will reimburse your out-of-pocket expense by check or direct deposit to your authorized bank account. Sometimes, depending on your bank's clearing process, it may take 3-5 . To use your card, simply . Also PayFlex makes you keep $1K in cash while fidelity lets you invest 100% of your account value. 2023 PayFlex Systems USA, Inc. All Rights Reserved. And if you have an HSA investment account you can view your balance, fund allocations, and performances right on the app. Health care and limited-purpose FSA participants be sure to have your TexFlex debit card nearby. A merchant or provider may not accept Mastercard. Out-of-pocket expenses are those not covered by insurance or any other plan. You can enroll in a Limited Purpose FSA if you have a Health Savings Account (HSA). In today's digital world, it's important to have a secure and reliable way to pay for your eligible health care expenses. . (1-844-729-3539) (TTY: 711), Monday through Friday, 7 AM to 7 PM (CT) This means your contribution comes out of your paycheck before Federal, Social Security and in some cases, state taxes are deducted from your pay. Log in to the app and select the Financial Center. In other words, FSA funds are use it or lose it, and any unused money left over at the end of the year is no longer yours. Use the app. This is an IRS rule. For 2023, I switched to a Flex Spending 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. 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. The card wont work at an ATM And you cant get cash back with your card. 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. Once your account hits the minimum required balance for investments, you can start investing your money. Submitting a claim through the PayFlex Mobile app . Edit your payflex claim form online. A high-deductible health plan comes with a lower premium, meaning less money will come out of your paycheck for coverage. To use your card, simply swipe and select either Debit or Credit. After you swipe the card, our system automatically confirms if you have enough funds available. Note: If you have multiple Your employer may set a lower limit. 02/03/2023 - 02:36 CST. Its a fast, easy and secure way to pay. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. A healthcare FSA lets you use pre-tax dollars to pay for eligible healthcare expenses that aren't covered by your medical plan. If you spend the entire balance and leave the company before contributing the total amount agreed, you generally aren't required to pay back the funds.As long as you are an employee at the time expenses are incurred and claims are submitted during the flex plan year, you are eligible for the full . Note: If you don't respond to the request, your card may be suspended until you either send in the Unused funds go to your employer, who can split it among employees in the FSA plan or use it to offset the costs of administering benefits. On the counterpoint, lets take a quick look at some of the expenses that dont qualify for payment out of your HSA , even during the coronavirus pandemic: Babysitting and childcare costs for a normal, healthy child. You can use this card to pay for certain eligible expenses. No. It must show: Generally, we wont ask you to send information for your prescriptions. 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. 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.

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