How Your take care by WageWorks Healthcare FSA Works
Simply decide how much to contribute to your take care® by WageWorks Healthcare FSA, and funds are withdrawn from each paycheck for deposit into your account before taxes are deducted.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 medical expenses a whole year in advance. You may carry over up to $500 remaining in your account 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 Healthcare FSA
With a variety of payment and reimbursement options, your take care by WageWorks Healthcare FSA is easy to use.
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 Flex Benefits Card
Use the convenient take care Flex Benefits Card associated with your account to pay for hundreds of eligible healthcare products and services for you, your spouse, and your dependents. It works like a debit card. Money is deducted directly from your account.
Managing Your take care by WageWorks Healthcare 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 MyFlexMobile app makes managing your take care by WageWorks Healthcare FSA quick, easy, and completely mobile. Download this handy app to your mobile device, log in to your account, and check your balances, submit claims, view transactions, snap photos of receipts, get account alerts by text or email—all on the go!
Annual Contribution Limits
You can contribute up to a maximum of $2,550 to your take care by WageWorks Healthcare FSA. A different limit may apply to you according to your employer’s plan. Remember, with this new Healthcare 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.