Click on Order a Dependent Card. You can use your card at qualified merchants where Mastercard is accepted, and where merchants can process health care cards. Note: If you dont send an EOB, itemized receipt or statement with your claim, well deny it. To create or change your PIN, call 1-888-999-0121. After this, you'll get your personal identification number. Need help with your PayFlex account? What if I don't have documentation or used my card in error? Click on Trouble logging in? 03.752.1-ST B (4/20) . If you dont respond by this date, well have to suspend your card. You can enable push notifications to receive automated alerts about your account activity. 1 Second, spending your HSA money on qualified medical expenses is free of federal . The funds roll over year to year, and the account earns interest too. Then you must enter a new four-digit PIN. 10.4. How long will an HSA transfer take? If you have a TexFlex FSA, you can set up your online account. Wal-Mart Stores implements a technology solution to enable customers to use flexible spending account (FSA) debit cards The internally developed Inventory Information Approval System (IIAS) works by identifying FSA eligible merchandise, which have a unique ID number, as items are scanned at checkout. You'll also have access to our barcode scanner a tool that helps you verify if an item is an eligible healthcare expense. Make an HSA payment Click on the Financial Center. . Type text, add images, blackout confidential details, add comments, highlights and more. So, when you use your FSA funds, its like youre saving about 30 cents on every dollar you spend. If youre unable to use your card, you can use another form of payment. An HSA is similar to an individual retirement account (IRA) or 401(k). Generally, you have 30 calendar days from the date of your status change to change your election. Dont have the card? Check out the list of common eligible health care expenses. With the PayFlex Mobile app, you can access your account anytime, anywhere. After you register, you can download the PayFlex Mobile app and manage your account wherever, whenever. Yes. Your employer may offer the PayFlex Card with your health care FSA. A merchant or provider may not accept Mastercard. ONE debit card for your FSA and all your other benefits. If your SSN is not accepted, you may need to enter the last four digits of your Employee ID number. In other words, if you had spent the money on an eligible purchase (like orthotic inserts) your refund would have included the full $100. The average benefit is about $500 per year, and in the current advertisement, everyone asks about a $2,880 Medicare Flex Card. Any withdrawn funds used for non-medical purposes are still subject to income taxes. Call 1-888-678-7646 (TTY: 711). You can use your PayFlex Card to pay for eligible health care products and services. Many banks limit the amount of money you can withdraw from an ATM on a single day. Primary hours. Please refer to your employers plan for specific information about your plan. 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. Yes. . You can spend your FSA money on medical expenses for your spouse, children or any other qualifying dependent you claim on your taxes. 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. Click on Make an HSA Withdrawal. Well let you know in the letter, the date you need to respond. You can submit a withdrawal request form to receive funds (cash) from your HSA. Out-of-pocket expenses are those not covered by insurance or any other plan. You can do this online, through the PayFlex Mobile, or complete a paper claim form and fax or mail it to us. Use your card at qualified merchants who can process health care cards. Request an HSA Visa debit card for yourself or any dependent on your account, age 18 or older. Definitely recommend rolling it over to fidelity though as you don't want to get stuck paying $5 a month with PayFlex. This lets you withdraw funds from your HSA and deposit them into your linked bank account. Your employers plan determines which status change events are allowed. The expense may be ineligible under your plan. you can process a partial refund This influences which products we write about and where and how the product appears on a page. Just pay for those expenses out of pocket. Theyre different from health savings accounts, or HSAs, in that the money can be spent only in the calendar year its contributed. And employers get to decide whether or not to allow pre-tax . NerdWallet strives to keep its information accurate and up to date. Order an additional PayFlex Card, your account debit card You can order an additional card for your spouse or dependent. Enter your credit card PIN. Helps keep your card active Wait to submit your claim until you receive your EOB from your insurance provider. PayFlex Card. (1-844-729-3539) (TTY: 711), Monday through Friday, 7 AM to 7 PM (CT) Don't mark up the document with a highlighter. This information may be different than what you see when you visit a financial institution, service provider or specific products site. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. No, you can use funds only for the purpose for which the election was initially made. 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. Plus, youll be prepared when you need to pay for health care expenses during the year. For 2023, I switched to a Flex Spending account. Mail: Mail your documentation to PayFlex. 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). . Thats right - this is the only tax- free financial account where you can gain interest and save money while spending on qualified health expenses. Employees can use it to pay for their health care expenses. The PayFlex Card can give your employees instant access to their HSA to . Pay your provider . In today's digital world, it's important to have a secure and reliable way to pay for your eligible health care expenses. 4. The PayFlex Card spending made simple The PayFlex Card provides a simple way to spend the money in your PayFlex account. If your employer has the Commuter Express benefit program and you have unused funds in your account, unused pre-tax funds will be forfeited to your employer before the next ordering deadline. If the merchant or provider allows you to select debit or credit, either option will work. Still, the issue isnt uncommon, according to Auerbach, who says his firm sees a lot of FSA activity at the end of each year. Sign it in a few clicks. You could check your balance and ask the merchant to charge your card just for the amount that you have available. However, your employer sets your carryover amount. We may ask you to submit documents later to verify your expense is eligible. 6. A high-deductible health plan can be combined with a Health Savings Account (HSA). To confirm your PIN, re-enter your four digits. 03. Frequently asked questions How does the card work? The amount you are able to withdraw in a given year varies based on your medical costs. The card wont work at an ATM And you cant get cash back with your card. Your card may be suspended. 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 you receive a new card, call the number listed on the activation label. This may include doctor and dental offices, hospitals, pharmacies, and hearing and vision care centers. You, your spouse, or dependents are eligible for using the FSA for qualifying expenses. You can do this online, through the PayFlex Mobile app, or complete a paper claim form and fax or mail it to us. Your card is good for five years as long as youre a PayFlex member. Check out some of the frequently asked questions below. 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. This limit is for each FSA participant. For a full list of whats eligible, go to www.payflex.com. Click on Order a Dependent Card. As a writer, her work was featured in The Associated Press, The Motley Fool and U.S. News & World Report. hZ]s8?Tu0dCaq+^v6NX`jjR$K^]IG{:$N;8r|M>> endobj 22 0 obj <> endobj 23 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Thumb 6 0 R/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 24 0 obj <>stream Here are a few of the ways we make your security our priority: Give us a call. 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. Once you order a card, you should get it within 10 to 15 business days. Check the app and view your balance in just a couple of taps. To withdraw money from PayPal, you'll have to log in to your account and link a debit card or bank account. This is an IRS rule. *Standard text messaging and other rates from your wireless carrier still apply. Its a no-touch payment thats fast, easy and secure. And enjoy all the PayFlex Card has to offer. It may take 25 weeks or, in some cases, more, depending on how quickly your current HSA provider responds. 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. Youll need to contact your Human Resources or Benefits Department to change your election. If the cash is used to pay for ineligible purchases, it must be reported when youre filing your taxes. 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). That's why we offer the PayFlex card, the account debit card that makes it simple for you to pay for your eligible expenses. Staying proactive is key to managing your potential financial growth. If you dont have enough funds in your account, you PayFlex Card will be denied. Yes. (800) 284-4885. Contact our accountable and empathetic service . And use our simple barcode scanner while you're shopping to see which products are eligible expenses. It is now late February and I still have not received my Flex Spending card. Instant access to your money The PayFlex Card helps make it easier for you to spend the money in your tax-advantaged account. If thats the case, youll only have to worry right now about the money in excess of your rollover limit. 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. 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. To get your money faster, link your bank account (set up direct deposit) After logging in, go to . So when you use your FSA funds on eligible expenses, you end up saving about 30 cents on every dollar you spend. You can be reimbursed for eligible health care expenses that you, your spouse and eligible tax dependents incur during the plan year. Your tax rate is 25%. 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. Now its easier than ever to manage your PayFlex account on the go. Click on Make an HSA Withdrawal. *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. This only applies to flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs). Edit your payflex claim form online. You'll use your card to pay for eligible expenses like office visits, deductibles, copays and coinsurance, prescriptions and certain over-the-counter items. 01. Keep in mind that some merchants may ask you to select Debit. This means youll need to enter your PIN to complete the transaction. Expense is automatically deducted Typically, you must spend the money in your FSA by the end of the plan year. Save money on taxes by enrolling in TexFlex! 2023 PayFlex Systems USA, Inc. All Rights Reserved. To use your card, simply . Order an additional PayFlex Card You can order an additional card for your spouse or dependent. This lets you withdraw funds from your HSA and deposit them into your linked bank account. Q: Can I use my FSA or HSA cards on Amazon? However, your plan may have a grace period or carryover feature, which can help reduce forfeitures. After you log in to the app, select Manage to get started. Funds in your account roll over from year to year. Its that easy. You can use your FSA debit card only to cover eligible expenses specified by your plan. If so, you can use the card to pay for eligible expenses at qualified merchants. Simply click on the corresponding icons to visit our online vendors to purchase an eligible healthcare item. Employees must re-enroll in the FSA program . It must include the date(s) of service. You may pay your provider directly from your account. The PayFlex Card is your account debit card. To see your account balance or card transactions and activity, log in to the PayFlex member website. Most people listen to videos like these on mute so I wasn't expecting you. No. Enter the amount PayFlex deposited into your account. How does the card work? So go ahead, swipe your card or use your digital wallet to pay for your health care expenses. Personal care items like toilet paper and soap. 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. You should check your plan to know how much you can contribute. "t;#/~0 , Money set aside in these accounts will reduce your taxable income, providing you with more value for the dollar. 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. 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). Your employer will let you know how and when to submit claims. 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 . Sign in to your HSA using digital banking at TheHSAAuthority.com. This is the best form of documentation. We believe everyone should be able to make financial decisions with confidence. Lacie Glover is an insurance editor and writer and a NerdWallet authority on insurance. FSAs can help you save money because you contribute to the account from your paycheck before federal taxes. 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. Simply swipe and select either debit or credit at the time of purchase. And you cant get cash back with your card. If your expense went through your medical or dental plan, youll need to send an Explanation of Benefits (EOB) from your plan. You're unable to log in at this time. 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. Eligible expenses may include doctor and dentist visits, hospital stays, prescriptions, and hearing and/or vision care. You can upload them to your online account or via the mobile app to verify your card purchases. For example, your card might not work if you try to use it at a supermarket or convenience store If you cant run a transaction using your HSA card, you will have to submit your expenses for reimbursement after the fact. A $10 fee is charged for replacing a lost or stolen card. Using your card means you dont have to pay out of pocket. Under Quick Links, click Manage My Debit Card(s). Step 1: Enter the amount you want to withdraw. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. Swipe your way to smart savings. SAM. You have more options than you might expect. 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. 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. You already know how a PayFlex health savings account, HSA, is a great way to save for health care expenses. 9. Enjoy easy access to your money. If youre worried about identity theft after cancelling your card, you can use Mastercards Identity Theft Resolution Services at no cost. And when they are paired together, you can save even more. b'b'NNB7t/ydVh%^\J7qs#y*uV^x;J1;HQ:;:z\TEU!. These limits are subject to change annually. The turnaround time is typically three to five business days from the date the claim is processed. Before your card expires, you'll receive a new card in the mail. 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. Click Continue. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. 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%. A dependent care FSA helps you pay for eligible child or adult day care expenses. And make sure to download the PayFlex mobile app to manage your account wherever, whenever. This could be medical, vision, dental, prescriptions, plus over-the-counter stuff like pain relievers or cold and flu medicine. 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. To send documents with your claim, simply take a picture and upload it through the app. Your election amount is simply deposited into your account and available on your card. Medicines and drugs from other countries. So, you can't withdraw money from your online casino account if that's what you're looking for. If massage therapy services are prescribed by your physician then you can use your FSA account to pay for these services. After you log in to the app, select Manage to get started. I was charged one fee by PayFlex which was reimbursed by fidelity. 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. Well then cancel your card and send you a new one. Complete a paper claim form and mail or fax it with your documentation. The current contribution limits are $3,850 for individuals, $7,750 for families. First, personal HSA contributions using after-tax money may be federal income tax-deductible. Here's how to withdraw money on the PayPal app: Tap Wallet. Contact us This lets you withdraw funds from your HSA and deposit them into your linked bank account. Heres how it works. We know that many people live life on the go. For . Health savings accounts Withdrawals are tax-free for qualifying medical expenses. . Generally, Federal taxes range from 15% to 28% and Social Security taxes is currently 7.65% of your pay. 2. You can lock your TASC Card from being used with the Card Lock feature online or in the TASC app. 11819 Miami St STE 200. You can continue to use your HSA even if you lose your job. Verify your PayFlex Card purchases If you're asked to verify your card purchase is an eligible expense, you can take action online. Select the "credit" option, if necessary (you may be asked to . Flexible Spending Arrangements (FSAs) are tax-free, "use it or lose it" savings accounts for medical and certain non-medical expenses. Fuel is eligible for transportation to and from medical care, up to the allowed mileage rate. You can invest it, and it . Your employer may offer the PayFlex Card with your health care FSA. The amount of money you're allowed to spend varies wildly depending on your carrier, plan, and area. 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 withdraw funds from your HSA at any time to cover qualified medical expenses, which are listed below. Log in to the app and select the Financial Center. They can assist you with the process of restoring your identity. If you have a PayFlex Health Savings Account, HSA, you can request funds and make deposits to your HSA. Read on to learn more about how FSAs can benefit you! You contribute to an FSA with pretax money from your paycheck. To learn what's allowed, visit an online FSA store that sells only FSA-eligible items, like FSAstore. PayFlex is the administrator of the TexFlex Flexible Spending Accounts. Click on the Financial Center. HSA vs. FSA: Differences and How to Choose. When you go to withdraw PayPal payments, you can do so through a standard transfer or an instant transfer. products online using your PayFlex Card or personal credit card. 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. 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. 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. Get help when you need it. Get it today from the App Store or Google Play. Using your smartphone you can simply scan an item's barcode to see instantly if it's eligible. Submitting a claim through the PayFlex Mobile app . Funds in your account roll over from year to year. Click . Your health plan should take care of the whole you both physically and financially. If your FSA plan has the rollover option and you plan on leaving some in for next year, you can contribute even less.