How does the card work? Its a fast, easy and secure way to pay with your mobile device If you have an Apple or Samsung device, you can add your PayFlex Card to your digital wallet to help pay for eligible expenses. It must include the date(s) of service. If you're a new user, click Create Your Profile. Here are a few of the ways we make your security our priority: Give us a call. Order an additional PayFlex Card for your spouse or dependent After logging in, click on Account Settings and then select PayFlex Card. Be sure to check your plan to see which accounts are offered. Please try again later. Follow the instructions. UAH employees can take advantage of flexible spending accounts (FSAs), which are pretax reimbursement accounts administered by PayFlex for eligible medical and dependent care expenses. The IRS has a list of approved medical expenses you can check out for more details. This is true even if you dont cover your spouse and dependents on your health plan. Youll use the same username and password you use for the PayFlex member website. However, you should keep all your itemized receipts, statements and Explanations of Benefits (EOBs). If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Theres more than one reason why you may not be able to use your card. 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 If you choose to send funds to someone else, youll have to select/add a recipient and enter some details about your payment. If you have a PayFlex HSA, you can transfer funds through the app. No. Pay your provider You may pay your provider directly from your account. Unused HSA funds roll over year to year; there is no use it or lose it penalty. Enter the spouse or dependent name and click Submit. Generally, we send a request for documentation when were unable to verify if one or more of your card purchases is eligible. Its that easy. How do I transfer money from my PayFlex card to my bank account? HSAs are tax-advantaged in three ways. Our system will automatically confirm if you have enough funds available. Most people listen to videos like these on mute so I wasn't expecting you. But did you know you can invest your funds to save even more? You'll use your card to pay for eligible expenses like office visits, deductibles, copays and coinsurance, prescriptions and certain over-the-counter items. This is the FSA use-it-or-lose-it rule. The expense may be ineligible under your plan. About the author: Lacie Glover is an insurance editor and writer and a NerdWallet authority on insurance. We don't want anyone else flexing their Payflex muscles using your card. Now let's get you up to speed on Flexible Spending Accounts, FSA. Click . Call Card Services at 1-888-999-0121. It includes most expenses related to medical care, with the notable exceptions of. If your expense didnt go through your medical or dental plan, you can send an itemized receipt or statement for the expense. Can I withdraw money from my HSA after age 65? These include day care, before and after school programs, nursery school or preschool, summer day camp and adult day care. There may be times when we ask you to show that a card purchase is eligible. All of the money deposited into your HSA, up to the maximum annual contribution limit determined by the IRS each year, is 100% tax-deductible for federal income tax, FICA (Social Security and Medicare) tax, and state income tax (for most states). (1-844-729-3539) (TTY: 711), Monday through Friday, 7 AM to 7 PM (CT) Plus, you can take your HSA with you whether you change plans, jobs, or decide to retire. A good starting point is determining how much of your FSA funds you spent effortlessly this year. Please mail, fax or email the completed form to PayFlex The address, fax number and email address are on the bottom of the form. Its a no-touch payment thats fast, easy and secure. So, when you use your FSA funds, its like youre saving about 30 cents on every dollar you spend. Online Transfer On HSA Banks Member Website , you can transfer funds from your HSA to an external bank account, such as a personal checking or savings account. A dependent care FSA helps you pay for eligible child or adult day care expenses. You should contact your Human Resources or Benefits Department for more information. Generally, funds left in an FSA at the end of the year are forfeited This is the FSA use-it-or-lose-it rule. Like a 401 (k) retirement account, the HSA is yours to keep. Read on to learn more about how FSAs can benefit you! Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. Re: Moving HSA Advice: from PayFlex to Fidelity Fidelity has no fees Contact only Fidelity, they will step you through the process. Can I withdraw money from PayFlex? This information may be different than what you see when you visit a financial institution, service provider or specific products site. Spend the funds in your FSA (and other benefit accounts) using your smart benefits debit card. With most flexible spending accounts, funds are available on the first day of the plan year. Go to Account Settings. Need help with your PayFlex account? This means your contribution comes out of your paycheck before Federal, Social Security and in some cases, state taxes are deducted from your pay. You can contribute money from each paycheck into your HSA. A Limited Purpose FSA may also cover other health care expenses after you meet your deductible. 3. It helps make it easier for you to spend the money in your PayFlex account. And you cant get cash back with your card. The funds in an HSA can be used for general non-medical purposes, without penalty, once the employee reaches age 65 Any withdrawn funds used for non-medical purposes are still subject to income taxes. 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. For a full list of whats eligible, go to www.payflex.com. Wal-Mart Stores implements a technology solution to enable customers to use flexible spending account (FSA) debit cards The internally developed Inventory Information Approval System (IIAS) works by identifying FSA eligible merchandise, which have a unique ID number, as items are scanned at checkout. If you dont respond by that date, well have to suspend your card. They can assist you with the process of restoring your identity. To learn what's allowed, visit an online FSA store that sells only FSA-eligible items, like FSAstore. Pay with your PayFlex Card When you use it, your expense is automatically paid from your account. Manage your investment account - you can check the balance, see a summary of your fund performance, update your cash threshold, make changes to your portfolio and more. You should always keep all your itemized receipts and Explanations of Benefits (EOBs). 1-844-PAYFLEX 2023 PayFlex Systems USA, Inc. All Rights Reserved. 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. 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, you can check out for more details. 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. Once funds are in your FSA, you can use the PayFlex Card, your account debit card, to pay for your eligible expenses, if offered by your employer. Within the PayFlex member website, you can view your account balance, open an investment account or review recent transactions and activity. Note: In order to keep your information safe, Paychex support staff may not be authorized to speak with our clients' employees, depending on the situation. Visit Website. Your card may be suspended. You can use this card to pay for certain eligible expenses. You can use your HSA account for a lot more than you think. However, your plan may have a grace period or carryover feature, which can help reduce forfeitures. That's why we developed the PayFlex mobile app so you can have all your account information in the palm of your hand. If you have an Apple or Samsung device, you can add your PayFlex Card to your digital wallet. Keep in mind that some merchants may ask you to select Debit. This means youll need to enter your PIN to complete the transaction. Yes. If your employer has the Commuter Express benefit program and you have unused funds in your account, unused pre-tax funds will be forfeited to your employer before the next ordering deadline. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. Link your bank account to transfer funds You can link one or more bank accounts to your HSA to easily transfer funds to and from your HSA. First, personal HSA contributions using after-tax money may be federal income tax-deductible. And employers get to decide whether or not to allow pre-tax . A high-deductible health plan can be combined with a Health Savings Account (HSA). But you'll make these contributions with after-tax funds rather than pre-tax funds, and the employer can charge an administrative fee of up to 2%. The current contribution limits are $3,850 for individuals, $7,750 for families. To see your account balance or card transactions and activity, log in to the PayFlex member website. Not sure which account is right for you? There are four key benefits to the PayFlex Card. endstream endobj 21 0 obj <>>> endobj 22 0 obj <> endobj 23 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Thumb 6 0 R/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 24 0 obj <>stream Your employer may offer the PayFlex Card with your health care FSA. For 2022 I had an HSA account (effective 1/1/22) but didn't receive my card until March of 2022. At PayFlex, were here to help you make a smart choice for your overall well-being. You made a purchase in the prior year, and are now reimbursing yourself using your HSA. Whether you're commuting to work or taking the kids to soccer practice you need a solution that offers flexibility and the power to access your healthcare funds whenever, wherever. This could be medical, vision, dental, prescriptions, plus over-the-counter stuff like pain relievers or cold and flu medicine. Your FSA election remains in place for the plan year. Then you would pay the balance with another form of payment. However, your employer sets your carryover amount. Once you order a card, you should get it within 10 to 15 business days. Q: Can I use my FSA or HSA cards on Amazon? Click Continue. Then withdraw funds from your FSA to pay yourself back and have your payment deposited. To use your card, simply swipe and select either Debit or Credit. After you swipe the card, our system automatically confirms if you have enough funds available. By the time we get to the health savings account (HSA . Some employers may also offer the PayFlex Card with a dependent care FSA. However, there is no tax penalty to make withdrawals to cover qualified medical expenses. For a full list of whats eligible, go to www.payflex.com. You can also call Customer Care at 1-800-422-4661. SAM. You have options with a health care FSA. Then withdraw funds from your FSA to pay yourself back and have your payment deposited. 1 Second, spending your HSA money on qualified medical expenses is free of federal . After this, you'll get your personal identification number. Thats right - this is the only tax- free financial account where you can gain interest and save money while spending on qualified health expenses. You have two ways to . Compare accounts and find the solution that fits you best. With your pretax FSA contributions, you could save about $1,020. A health care FSA helps you pay for eligible out-of-pocket medical, dental, vision, hearing and prescription drug expenses for you, your spouse and your tax dependents. This, in turn, may help lower your taxable income. Here's how to withdraw money on the PayPal app: Tap Wallet. HSA funds cant be rolled over into an IRA account Theres also no reason to do so, because you preserve your right to use the funds tax-free for medical costs at any time with an HSA. You can enable push notifications to receive automated alerts about your account activity. Request an HSA Visa debit card for yourself or any dependent on your account, age 18 or older. We believe everyone should be able to make financial decisions with confidence. The Instalment Plan is automatically adjusted by the Payflex Platform by applying the refund amount to the last instalment first and working backwards to the other instalments. When you receive your PayFlex Card in the mail, call the number on the card to activate it and get your personal identification number (PIN). While you can't have any back, there are two cases where . Once you receive dental treatment, pay the bill with the PayFlex Card, your account debit card. Using your card means you dont have to pay out of pocket. Select the "credit" option, if necessary (you may be asked to . If you leave a job with money remaining in your FSA and you're eligible to elect COBRA, you'll have an opportunity to continue to make your regular FSA contributions. When you go to withdraw PayPal payments, you can do so through a standard transfer or an instant transfer. Your plan administrator may have coupon codes or special deals so you can get more for your tax-free dollar, so head to your online FSA portal to find out first. If you continue to use this site we will assume that you are happy with it. Submit a claim online. This reduces your taxable income. If your health plan is covering part of the expense, you may want to wait to use the card until you know how much you owe. Is there confession in the Armenian Church. In 1997, HSA Bank entered the consumer-directed healthcare market by providing medical savings accounts (MSA) to small employers and the self-employed . . HSA funds can also be withdrawn for non-medical expenses like buying a home or paying with a larger down payment. Mail: Mail your documentation to PayFlex. If you dont have enough funds in your account, you PayFlex Card will be denied. You can also set up your account to auto-invest all or part of your future contributions in the funds you select, so you have the flexibility to spread your HSA dollars among your fund options however you like. You're unable to log in at this time. Medicines and drugs from other countries. Out-of-pocket expenses are those not covered by insurance or any other plan. After you incur an eligible expense, you can: *Standard text messaging and other rates from your wireless carrier still apply. Use the app. If you have questions about your FSA after you enroll, you may call Member Services at Keep it simple with the PayFlex Mobile app Manage your account and view . If the person leaves their job, the HSA (and any money in it) goes with the employee They are free to continue using the money for medical expenses and/or move it to another HSA custodian. ONE debit card for your FSA and all your other benefits. It makes the fax hard to read. What can you use PayFlex for? Your HSA Bank Health Benefits Debit Card provides access to your HSA funds at point-of-sale with signature or PIN and at ATMs for withdrawals.Your HSA BankHSA BankHSA Bank is a health savings account (HSA) administrator in the United States. Example: You have an annual salary of $60,000 and you decide to contribute $2,500 to a health care FSA and $2,000 to a dependent care FSA. Make an HSA payment Click on the Financial Center. card. The app is supported by the following devices: iOS version 10 or above on iPhone 5S, iPad Air, iPad Mini 2 or newer models, Android version 7.0 Nougat or above on phones or tablets, View your account balance, deposits and payments, View your PayFlex Card purchases and submit documentation (if applicable), View account alerts and PayFlex contact information, Pay your health care provider directly from your HSA, Get protected access to your account information, Use the same secure username and password you use on this website.
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