How Your take care by WageWorks HSA-Compatible FSA Works
Simply decide how much to contribute to your take care® by WageWorks HSA-Compatible FSA to pay for this year’s eligible dental and vision expenses, and funds are withdrawn from your paycheck for deposit into your account before taxes are deducted.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.
Don’t worry about estimating. With a take care by WageWorks Healthcare FSA with Carryover, you no longer have to precisely predict your out-of-pocket dental and vision care expenses a whole year in advance. You may carry over up to $500 remaining in your account from one plan year to the next.
This new Healthcare FSA lets you carry over up to $500 in account balances from one plan year to the next. 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.
Using Your take care by WageWorks HSA-Compatible FSA
With a variety of payment and reimbursement options, your take care by WageWorks HSA-Compatible FSA is easy to use.
Pay Your Provider
Arrange for convenient direct payments to your healthcare provider. Simply access your 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.
Pay by take care by WageWorks Flex Benefits Card
Use a single payment card for both your HSA and Healthcare FSA. The convenient take care by WageWorks Flex Benefits Card is associated with both accounts. It works like a smart debit card to pay for eligible healthcare expenses from the right account at the right time. Use your card to pay for hundreds of eligible healthcare products and services for you, your spouse, and your dependents.
Managing Your take care by WageWorks HSA-Compatible FSA
Manage your account via a secure website on any computer or mobile device that’s connected to the Internet or via the take care by WageWorks MyFlex℠Mobile app.
The take care by WageWorks MyFlex℠Mobile app makes managing your take care by WageWorks HSA-Compatible FSA quick, easy, and completely mobile. Download this handy app to your mobile device, log in to your account, and check your balances, view transactions, get account alerts by text or email—all on the go!
Annual Contribution Limits
You can contribute up to a maximum of $2,600 to your take care by WageWorks HSA-Compatible FSA. A different limit may apply to you according to your employer’s plan.
Remember, with this new HSA-Compatible FSA, you can carry over up to $500 in your account from one plan year to the next, so there’s virtually no risk of losing your hard-earned money.