Your WageWorks healthcare benefit accounts are regulated by the IRS. You must have a receipt or an explanation of benefits from your insurance carrier for each claim you submit against your account.
What does this mean for you? Save each and every receipt.
Yes, it’s a pain. But the IRS makes the rules, and we all have to follow them. Saving and submitting each receipt is the quickest way to process your claims and get reimbursed from your account. Here are a few ways to make it easier to manage your receipts.
For quick processing, make sure all receipts include these five pieces of information:
Make sure receipts include the following five pieces of information:
When submitting receipts as part of a claim against your WageWorks healthcare account, follow these simple do’s and don’ts.
WageWorks makes it easy for you to save and keep track of your receipts. With the WageWorks EZ Receipts® mobile app, you can use your smart phone to take a photo of each receipt and store them in your WageWorks account for easy reference. That way, if you’re notified that a receipt is needed to process your claim, a digital copy of your receipt is at your fingertips.
Here’s how to take a photo of your receipts using the WageWorks mobile app: