Flexible Spending Account (FSA)
Are you saving 40% on Health Care Costs? With WageWorks you can.
Take Control of Your Health Care Expenses with a WageWorks FSA
A WageWorks FSA enables you to take control of your out-of-pocket health expenses by setting aside pre-tax money to pay for everyday eligible expenses. The result can be savings of up to 40 percent on hundreds of products and services like eyeglasses, co-payments, prescriptions, dental care, and over-the-counter medicines. Our FSAs also covers co-payments, co-insurance, and deductibles. See the complete list here.
Example FSA Savings
| |
Without FSA |
With FSA |
Savings |
| Family co-payments |
$80 |
$48 |
$32 |
| Contact lenses & solution |
$400 |
$240 |
$160 |
| Over-the-counter drugs |
$300 |
$180 |
$120 |
| Braces & dental co-insurance |
$2,520 |
$1,512 |
$1,008 |
| Yearly Total: |
$3,300 |
$1,980 |
$1,320 |
Calculate your FSA savings here .
Easy-to-Use, Flexible Payment Options
WageWorks makes it as easy as possible to use your FSA. You can pay for eligible expenses in three ways:
- WageWorks Health Care Card — Use your prepaid card at points of purchases, such as pharmacies and opticians.
- Pay My Provider — An automatic bill pay system that requires no receipts or claims forms.
- Pay Me Back — Paper-based claims forms that provide rapid turnaround, real-time online visibility, and direct deposit options.
Helping You Make the Most of Your FSA
WageWorks offers an online Learning Center that answers your frequently asked questions about our programs and Webinars to help you make the best program choices. We also provide customer service via email and toll-free numbers 8 am to 8 pm ET, Monday to Friday. In addition, we offer real-time account information online and via an interactive elephone system, so you can track account activity anywhere, anytime.
Please note: Services available through WageWorks programs can vary between companies. Please access our Employee Portal Web site by clicking here or consult your Human Resources department for your specific program details.