Swipe your way to smart savings. To send documents with your claim, simply take a picture and upload it through the app. Lets begin with a high-deductible health plan HDHP for short. Instant access to your money The PayFlex Card helps make it easier for you to spend the money in your tax-advantaged account. Sometimes, depending on your bank's clearing process, it may take 3-5 . Frequently asked questions . All financial products, shopping products and services are presented without warranty. Need help with your PayFlex account? Click on Order a Dependent Card. While there may be one plan with this benefit, it's unavailable in all areas or for all beneficiaries. You contribute, spend and save. 02. (1-844-729-3539) (TTY: 711), Monday through Friday, 7 AM to 7 PM (CT) While your card is suspended, you cant use it for that account. you can process a partial refund Even using the money on things you wouldnt have thought of is better than losing it, so pat yourself on the back for being a savvy consumer. If this is your second or third time having to scramble to spend all of your FSA money, why not aim to contribute the perfect amount to your FSA in the first place? . In those cases, you might want to add more. This generally includes doctor and dental offices, hospitals, pharmacies, and hearing and vision care centers. Generally, we send a request for documentation when were unable to verify if one or more of your card purchases is eligible. 1 Second, spending your HSA money on qualified medical expenses is free of federal . The Standard transfer typically completes in 1 working day. In a Nutshell. Is Covered California The Same As Health Net? If you dont respond by this date, well have to suspend your card. Mail: Mail your documentation to PayFlex. Here's how to withdraw money on the PayPal app: Tap Wallet. Saturday, 9 AM to 2 PM (CT). Tap Transfer Money. 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. 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. . The card wont work at an ATM. If your expense didnt go through your medical or dental plan, you can send an itemized receipt or statement for the expense. Staying proactive is key to managing your potential financial growth. Account . Pre-qualified offers are not binding. 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. 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%. 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. If funds become available in your account, you can pay yourself back by submitting a claim. You made a purchase in the prior year, and are now reimbursing yourself using your HSA. Not sure which account is right for you? If massage therapy services are prescribed by your physician then you can use your FSA account to pay for these services. Check with your employer for details about your plan so you can maximize your savings. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Click on Trouble logging in? Your FSA election remains in place for the plan year. 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. Your ID number is your Social Security number. b'b'NNB7t/ydVh%^\J7qs#y*uV^x;J1;HQ:;:z\TEU!. Well then cancel your card and send you a new one. 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. 3. Eligible expenses may also include prescriptions and OTC items for dental and vision care. Some employers may also offer the PayFlex Card with a dependent care FSA. Many or all of the products featured here are from our partners who compensate us. Plus, youll be prepared when you need to pay for health care expenses during the year. We cant accept a cancelled check, credit card receipt or billing statement that shows previous balance, balance forward, estimated, filed or pending insurance.. Please mail, fax or email the completed form to PayFlex The address, fax number and email address are on the bottom of the form. Link your bank account to transfer funds You can link one or more bank accounts to your HSA to easily transfer funds to and from your HSA. When you contribute to an FSA, that money is deducted from your pay on a pretax basis. It must show: For prescriptions, send your detailed receipt that includes the pharmacy name, patient name, prescription name, date the prescription was filled and amount you paid. Some employers give you more time to spend your funds or let you carry over unused funds to the next plan year. The PayFlex Card is your account debit card. Our partners compensate us. At age 65, you can withdraw your HSA funds for non-qualified expenses at any time although they are subject to regular income tax. Fuel, gasoline for medical care reimbursement is eligible with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA). Pay with your PayFlex Card When you use it, your expense is automatically paid from your account. After you register, you can download the PayFlex Mobile app and manage your account wherever, whenever. This is different from a . 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. %%EOF Keep it simple with the PayFlex Mobile app Manage your account and view . Many banks limit the amount of money you can withdraw from an ATM on a single day. In other words, if you had spent the money on an eligible purchase (like orthotic inserts) your refund would have included the full $100. You can use your card at qualified merchants where Mastercard is accepted, and where merchants can process health care cards. But with a little extra planning, you might be able to find a workaround to get the money . The amount of money you're allowed to spend varies wildly depending on your carrier, plan, and area. When you file Form 8889 for the reimbursing year, this amount will appear . Out-of-pocket expenses are those not covered by insurance or any other plan. So, the question of withdrawal fees is redundant in this case. 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. Enter the amount PayFlex deposited into your account. 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. Go to Account Settings. And when they are paired together, you can save even more. Two options for that extra cash. This lets you withdraw funds from your HSA and deposit them into your linked bank account. App Store is a service mark of Apple, Inc. Android, Google Play and the Google Play logo are trademarks of Google LLC. Apple, iPad Air, iPad Mini, iPhone and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. When your HSA has the minimum balance amount required, you can begin to invest through a variety of four-star-rated mutual funds. First, personal HSA contributions using after-tax money may be federal income tax-deductible. What can you use PayFlex for? After you reach age 65 or if you become disabled , you can withdraw HSA funds without penalty but the amounts withdrawn will be taxable as ordinary income. Employees must re-enroll in the FSA program . Type text, add images, blackout confidential details, add comments, highlights and more. You may pay your provider directly from your account. Please consult a tax advisor if you have any questions prior to completing this form. Then withdraw funds from your FSA to pay yourself back and have your payment deposited. Any travel for medical care you did this year. You can lock your TASC Card from being used with the Card Lock feature online or in the TASC app. For full refunds, the refund amount will be equal to the sum of instalments paid to date. You dont need to use your card for all eligible expenses. Like a 401 (k) retirement account, the HSA is yours to keep. If your issue is account related, you can get help via your online account. While you cant have any back, there are two cases where you may get a little extra time to spend your FSA cash: A rollover option, where you can move up to $500 to next years balance. Request an HSA Visa debit card for yourself or any dependent on your account, age 18 or older. How does the braking system work in a car? You may be charged $2 to $5 every ATM withdrawal with your prepaid card. And use our simple barcode scanner while you're shopping to see which products are eligible expenses. Since youre setting aside money before taxes, it can help reduce your taxable income, increase your take-home pay and improve your finances overall. Medicines and drugs from other countries. This reduces your taxable income. 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.Your HSA BankHSA BankHSA Bank is a health savings account (HSA) administrator in the United States. 4. You can avoid paying taxes by continuing to use the funds for qualified medical expenses. Once the claim is processed, PayFlex will reimburse your out-of-pocket expense by check or direct deposit to your authorized bank account. There is a daily transfer limit of $2,500 to safeguard against fraudulent activity. Fastest Paying PayFlex Casinos in 2023 This is the best form of documentation. This lets you withdraw funds from your HSA and deposit them into your linked bank account. You can also call Customer Care at 1-800-422-4661. Lacie is a NerdWallet authority on insurance products and loves data, analytics and solving SEO mysteries. Your card is good for five years as long as youre a PayFlex member. Spending money in your account is easy with the PayFlex Card. You can be reimbursed for eligible health care expenses that you, your spouse and eligible tax dependents incur during the plan year. Click . How long will an HSA transfer take? View account . 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. PayFlex Mobile app*: Log in to the PayFlex Mobile app. Each FSA has its own contribution limit, which is set by the Internal Revenue Service (IRS). However, you can still pay for eligible expenses out of pocket and submit a claim to pay yourself back. If you need a card for your spouse or dependent, you can order one through the PayFlex member website at no cost. The PayFlex Card is your account debit card. What Is a Medicare Advantage (Part C) Plan? Here is a list of our partners. The current contribution limits are $3,850 for individuals, $7,750 for families. If your health plan is covering part of the expense, wait to use the card until you know how much you owe. Choosing the right health plan can be easier than you might think. To use your card, simply . Or you can simply pay with cash, check or credit card, and then submit a claim to pay yourself back. For 2022 I had an HSA account (effective 1/1/22) but didn't receive my card until March of 2022. Learn more about the PayFlex Card & PayFlex App, Learn more about the PayFlex Card and PayFlex Mobile, PayFlex Individual Health Savings Account (HSA), Employer-sponsored Health Savings Account (HSA), Health Care Flexible Spending Accounts (FSAs), Dependent Care Flexible Spending Accounts (FSAs). Yes. This may include doctor and dental offices, hospitals, pharmacies, and hearing and vision care centers. 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. If the cash is used to pay for ineligible purchases, it must be reported when youre filing your taxes. Payment happens right away if you have funds in your health savings account (HSA), flexible spending account (FSA) or health reimbursement arrangement (HRA). Can I transfer money from my PayFlex to my bank account? We use cookies to ensure that we give you the best experience on our website. Heres how it works. You can order up to nine additional cards. This can happen when the amount you paid doesnt match your copay amount or you paid an estimated or pending amount. 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. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Otherwise, you can create a fax coversheet and fax your documentation to PayFlex. Bank accounts. Note: If you have multiple Click Complete Validation next to the bank . The main benefit of an FSA is that the money you contribute is deducted from your pay on a pretax basis. If so, you can use the card to pay for eligible expenses at qualified merchants. HSAs are tax-advantaged in three ways. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. It helps make it easier for you to spend the money in your PayFlex account. Thats right this is the only tax- free financial account where you can gain interest and save money while spending on qualified health expenses. Under Quick Links, click Manage My Debit Card(s). Your account balance may not cover the expense. So, when you use your FSA funds, its like youre saving about 30 cents on every dollar you spend. If you want to upload your documentation, it must be in PDF format. When you pull out funds from your HSA for . 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. No. Helps keep your card active Wait to submit your claim until you receive your EOB from your insurance provider. And make sure to download the PayFlex mobile app to manage your account wherever, whenever. You can contribute money from each paycheck into your HSA.