Health Care Flexible Spending Account

Overview

Overview

What is it?

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A Health Care FSA Is a Smart Move

A Health Care Flexible Spending Account (FSA) is a pre-tax benefit account used to pay for eligible medical, dental, and vision care expenses that aren’t covered by your insurance plan or elsewhere. A Health Care FSA is a smart, simple way to save money while helping to keep you and your family healthy.

How It Can Help

  • Save an average of 30% on a wide variety of eligible health care expenses

  • Access the full annual election amount of your account on day one of your plan year

  • Use several payment and reimbursement options

Enroll

Enroll

How do I sign up?

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You may enroll on My HR using the Benefits Enrollment link in the More column:

  • during the annual open enrollment period (provided you are actively at work)
  • when you first become eligible as a newly hired or transferring employee
  • within 31 days of a qualifying change in family or employment status, such as becoming newly-eligible for benefits, the birth of a child, etc.

You must re-enroll each year during the open enrollment period if you wish to contribute to the HCSA. If you do not submit an election, your contribution will default to $0 and you will not be able to make any contributions for the following year.

Use

Use

How does it work?

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How a Health Care FSA Works

You decide how much to contribute to your Health Care FSA, up to the allowed annual limit. Funds are withdrawn from your paycheck for deposit into your account before taxes are deducted. Your total annual election amount is available on day one of your plan year.

Be sure to estimate your annual health care expenses and make your contributions carefully. You forfeit any money left unspent in your Health Care FSA at the end of your plan year unless you are eligible for a Health Care FSA with Carryover.

 

Watch It In Action: Health Care FSA

 

How a Health Care FSA with Carryover Works

Employees who are eligible for Health Care FSA with Carryover may carry over up to $500 of their Health Care FSA balance from one plan year to the next. That means you no longer have to precisely predict your out-of-pocket medical expenses a whole year in advance. With far less risk of “use it or lose it,” there’s no reason not to take advantage of the tax savings this year—and every year.

Please note that the Health Care FSA with Carryover is available only to employees who are:

  • In a salaried or non-union non-exempt position
  • Represented by the Coalition of Kaiser Permanente Unions
  • Represented by the Hotel Employees and Restaurant Employees Union, Local 5, in the Hawaii Region

 

Watch It In Action: Health Care FSA with Carryover

 

Using Your Account

With a variety of payment and reimbursement options, your Health Care FSA is easy to use.

Pay by Debit Card

Use the WageWorks® Health Care Card associated with your account to pay for hundreds of eligible health care products and services for you, your spouse, and your dependents. It works like a debit card. Money is deducted directly from your account.

Pay Your Provider

Arrange for convenient direct payments to your health care provider. Simply access your WageWorks account online and fill out a simple form to have eligible expenses paid directly from your account.

Pay You Back

Arrange for account funds to be transferred to your checking account or a check to be mailed to reimburse you for eligible expenses you've already paid.

 

Managing Your Account

You can manage your account via a secure website on any computer or mobile device that’s connected to the Internet or via the WageWorks EZ Receipts® mobile app.

The WageWorks EZ Receipts app makes managing your Health Care FSA quick, easy, and completely mobile. Once you download the app to your mobile device and log in to your account, you can check your balances, submit claims, view transactions, take photos of receipts, and get account alerts by text or email.

 

Contributing to Your Account

You can contribute up to a maximum of $2,550 to your Health Care FSA.