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It helps make it easier for you to spend the money in your PayFlex account. Youll be asked to enter your card number, the three-digit security code (located on the back of your card) and your five-digit zip code. Saturday, 9 AM to 2 PM (CT). Since youre setting aside money before taxes, it can help reduce your taxable income, increase your take-home pay and improve your finances overall. Once the plan year is over, that money is gone. When you pull out funds from your HSA for . 1. You wont have to submit a claim for your PayFlex Card expenses or wait for reimbursement. Call the number on the card to activate it. 2. You can also use it to pay for medical, dental and vision bills, including telehealth and COVID-19 treatment. You can avoid paying taxes by continuing to use the funds for qualified medical expenses. Payment happens right away if you have funds in your health savings account (HSA), flexible spending account (FSA) or health reimbursement arrangement (HRA). Use the search bar to find specific items and services. This lets you withdraw funds from your HSA and deposit them into your linked bank account. When you file Form 8889 for the reimbursing year, this amount will appear . Important News. These include deductibles, coinsurance, co-pays, and over-the-counter (OTC) items. Here are all the ways you can get in touch with us. 11819 Miami St STE 200. Need to file a claim? Pay your provider . To create or change your PIN, call 1-888-999-0121. The PayFlex Card is your account debit card. Here is a list of our partners. This information may be different than what you see when you visit a financial institution, service provider or specific products site. At age 65, you can withdraw your HSA funds for non-qualified expenses at any time although they are subject to regular income tax. So, you could save about 30 cents on every dollar you spend on eligible expenses. And PayFlex makes investing easy with a choice of funds and the facts you need, right on the website. After you reach age 65 or if you become disabled , you can withdraw HSA funds without penalty but the amounts withdrawn will be taxable as ordinary income. Submitting a claim through the PayFlex Mobile app . FSAs are tax-advantaged accounts that can be used for medical expenses only; they're sometimes also called flexible spending accounts. When you contribute to an FSA, that money is deducted from your pay on a pretax basis. Where can I use my PayFlex Card? You contribute to an FSA with pretax money from your paycheck. Get help when you need it. Frequently asked questions How does the card work? However, you can still pay for eligible expenses out of pocket and submit a claim to pay yourself back. And if you have an HSA investment account you can view your balance, fund allocations, and performances right on the app. A Limited Purpose FSA may also cover other health care expenses after you meet your deductible. Plus, youll be prepared when you need to pay for health care expenses during the year. Here's how to withdraw money on the PayPal app: Tap Wallet. It must show: Generally, we wont ask you to send information for your prescriptions. If you have a PayFlex HSA, you can transfer funds through the app. The money that goes into your account, which is how you save for current and future eligible expenses, is based on how much you contribute. Your employer may offer a PayFlex Card, AKA your account debit card. Pay with your PayFlex Card When you use it, your expense is automatically paid from your account. Sign in to your HSA using digital banking at TheHSAAuthority.com. The PayFlex Card, your account debit card. You, your spouse, or dependents are eligible for using the FSA for qualifying expenses. Click Order a Dependent Debit Card. Click on the Financial Center. You can only use the card to pay for eligible expenses. If the cash is used to pay for ineligible purchases, it must be reported when youre filing your taxes. If you decide to send funds to yourself, you can choose to transfer the funds to your bank account (if youve linked an account) or request a check. There are three types of FSAshealth care FSA, dependent care FSA and limited purpose FSA. If you're a new user, click Create Your Profile. So if you have any left toward the end of the year, youll need to figure out when and how to spend it. Add your card to your digital wallet for an even more convenient way to pay. Before you try to spend the leftover cash, you should know whether either option applies to your FSA so you know how much you really need to use now. Now its easier than ever to manage your PayFlex account on the go. p. a. yex.com. Use your card at qualified merchants who can process health care cards. *Standard text messaging and other rates from your wireless carrier still apply. Save money on taxes by enrolling in TexFlex! Heres how it works. Be sure to review your plan to determine whats eligible. HR cannot just refund you whatever is left in your account. So if youre nearly due for a teeth cleaning or eye exam, make an appointment and you can use your FSA to pay for those visits, including copays and coinsurance. Step 1: Enter the amount you want to withdraw. We know that enrolling in health insurance can be challenging. Follow the instructions. You can do this online, through the PayFlex Mobile, or complete a paper claim form and fax or mail it to us. Your HSA card can only be used for eligible expenses at specific healthcare-related service providers or merchants where you can purchase healthcare goods or services Your HSA card has no cash access. You can be reimbursed for eligible health care expenses that you, your spouse and eligible tax dependents incur during the plan year. Yes. Contact our accountable and empathetic service . Click on Make an HSA Withdrawal. Click Continue. So if you have any left toward the end of the year, youll need to figure out when and how to spend it. To send documents with your claim, simply take a picture and upload it through the app. App Store is a service mark of Apple, Inc. Android, Google Play and the Google Play logo are trademarks of Google LLC. In 1997, HSA Bank entered the consumer-directed healthcare market by providing medical savings accounts (MSA) to small employers and the self-employed . You have more options than you might expect. 39 0 obj <>/Filter/FlateDecode/ID[<3EC4ADDF315B47999FAB81CA5F9841E0>]/Index[20 32]/Info 19 0 R/Length 86/Prev 96267/Root 21 0 R/Size 52/Type/XRef/W[1 2 1]>>stream This lets you withdraw funds from your HSA and deposit them into your linked bank account. 24/7 access to Mastercards certified resolution specialists, Internet monitoring to proactively detect stolen personally identifiable information and compromised confidential data online, Assistance from a specialist with notification to all three major credit reporting agencies to place blocks on cardholders records and obtain free credit reports, Assistance with completing paperwork to alert various parties of the potential fraud, Education about how identity theft can occur and protective measures to avoid further occurrences. If youre unable to use your card, you can use another form of payment. Limited Purpose FSA When evaluating offers, please review the financial institutions Terms and Conditions. There's no fee in anyone with a PayFlex account can use it. A high-deductible health plan comes with a lower premium, meaning less money will come out of your paycheck for coverage. When you go to withdraw PayPal payments, you can do so through a standard transfer or an instant transfer. Health savings accounts Withdrawals are tax-free for qualifying medical expenses. By choosing an HDHP and a PayFlex HSA, youre making the right choice for your personal well-being. If you select debit, youll need to enter a Personal Identification Number (PIN). You'll receive your PayFlex card in the mail. So go ahead, swipe your card or use your digital wallet to pay for your health care expenses. We're here to help Monday through Friday, 7 AM to 7 PM CT and Saturday, 9 AM to 2 PM CT. In 2011, Aetna acquired PayFlex to support its existing consumer-directed product offerings. You can also call Customer Care at 1-800-422-4661. You can feel good about contributing to a health care FSA. You cannot roll over HSA funds into a 401(k) You also cannot roll over 401(k) money into an HSA. These merchants include doctors offices, hospitals, pharmacies and hearing and vision care centers. Re: Moving HSA Advice: from PayFlex to Fidelity Fidelity has no fees Contact only Fidelity, they will step you through the process. Question about your benefits? Contribute - Estimate the amount you expect to spend during the plan year on eligible out-of-pocket expenses. I signed up in October for an effective date of 1/1/23. There is a daily transfer limit of $2,500 to safeguard against fraudulent activity. For this reason, we ask that you please contact your employer or on-site administrator before contacting Paychex. If you need a card for your spouse or dependent, you can order one through the PayFlex member website at no cost. Search for the order using the customer name or payflex order number or merchant reference number; Select the view/refund button; Capture the amount and reason for processing the refund (for your own records). Your employer may offer the PayFlex Card with your health care FSA. While your card is suspended, you cant use it for that account. So to break it down for you, PayFlex includes health savings plans and flexible spending plans. A $10 fee is charged for replacing a lost or stolen card. In many FSAs with an extension option, the deadline to use the money is the same as the deadline to submit claims to the FSA broker for the year. It's good for five years. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. . Use our app to scan a barcode, in-store or anywhere else. This can happen when the amount you paid doesnt match your copay amount or you paid an estimated or pending amount. It is now late February and I still have not received my Flex Spending card. Fuel, gasoline for medical care reimbursement is eligible with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA). Note: If you have multiple All financial products, shopping products and services are presented without warranty. Once you order a card, you should get it within 10 to 15 business days. Then withdraw funds from your FSA to pay yourself back and have your payment deposited. You can withdraw money from your HSA at any time for any purpose If the money is used for an ineligible expense (whether medical or non-medical), the expenditure will be taxed and, for individuals who are not disabled or over age 65, subject to a 20% tax penalty. Or those high dollar expenses like surgery, orthodontia, and hearing aids. A grace period, when you can keep spending FSA money up to 2 months past the end of the plan year. Some employers may also offer the PayFlex Card with a dependent care FSA. HSA Rollover The IRS allows each HSA account holder to roll over their funds to a new HSA provider every 12 months and maintain the tax-advantaged status of the HSA. Anyone with a PayFlex account can use it for free*. Funds in your account roll over from year to year. "t;#/~0 , In today's digital world, it's important to have a secure and reliable way to pay for your eligible health care expenses. You dont need to use your card for all eligible expenses. If you dont have enough funds in your account, you PayFlex Card will be denied. Your health savings account, or HSA, is a smart money management tool that lets you set aside money tax-free to pay for eligible expenses such as your medical plan deductibles and co-insurance, prescriptions, even some over-the-counter stuff, like first aid and pain relievers, vision and dental care, and so on. Simply click on the corresponding icons to visit our online vendors to purchase an eligible healthcare item. Be sure to review your plan to find out exactly whats eligible.
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