Proprietary and confidential page 3 wageworks, inc. If you elected a high deductible health plan hdhp with a health savings account hsa as your health plan election for 2020, your wageworks debit card will shut off on december 31, 2019. You can view a comprehensive list of eligible expenses by logging into your wageworks account. Eligible expenses for your wageworks dependent care flexible. Faq for wageworksbny mellon transition to healthequity wageworks, nationwides current administrator for the health savings account program hsa program, was recently acquired by healthequity. If you have previously used other websites, you must complete this registration process for security purposes. Established in san francisco in 2000 with seven employees, today, we employ more than 2,167 professionals across nine locations. You can earn interest on the money in your account and invest it so that it grows over time.
Health savings accounts hsa for participants in healthflex. The convenient wageworks healthcare card associated with your account can be used to pay for hundreds of eligible healthcare products and services for you, your spouse, and your dependents. From a to z, every item and service deemed eligible for taxfree spending will be here, complete with details and requirements. Health savings accounts hsas are personal financial accounts, like a checking account, but the money. With this pretax benefit account, you can take advantage of the longterm savings. When accessing this site for the first time, you will be required to complete our registration process. Medical expenses include dental expenses, and in this publication the term medical expenses is often used to refer to medical and dental expenses. A wageworks debit card to use for hsa expenses sent separately. No permission or authorization from the irs is necessary to establish an hsa.
If you are currently participating in a highdeductible health plan hdhp and are contributing to a health savings account hsa, you may also participate in a limited purpose fsa. Qualifying expenses for flexible spending account fsa or health savings account hsa. Frequently asked questions for hsas health savings accounts. Jan 04, 2018 the health flexible spending account, administered for uc by wageworks login required, formerly conexis, is a voluntary program established under internal revenue code irc section 105 that lets you pay for eligible health care expenses not covered by your insurance through pretax salary reductions. Eligible expenses for your take care by wageworks health. Hsa contributions are deductible from gross income. Publication 969 2019, health savings accounts and other tax. Your beneficiary would be able to continue to use your hsa balance for eligible health care expenses. Hsa funds can be used to reimburse yourself for eligible healthrelated expenses.
You can use your wageworks healthcare flexible spending account fsa to pay for a wide variety of medical, dental, and vision care products and services. Fsa eligible health care expenses below is the list of items typically covered by a standard fsa. Wageworks hsacompatible flexible spending account if youre enrolled in a qualified highdeductible health plan and have a health savings account hsa, you can maximize your savings with a wageworks hsacompatible flexible spending account fsa. Eligible expenses wageworks consumerdirected benefits. Although the general purpose of the hsa is to save for medical expenses that come up throughout the plan year while enrolled in a high. To help you keep track, we put together the hsa, fsa, and hra eligible expenses list below. Hsa interest or investment earnings accrue taxdeferred. Readytouse tools to help you make the most of your wageworks benefits. Health savings account hsa eligible expense guide wageworks.
A health care fsa pdf pays for qualified health care expenses incurred by you and your eligible tax dependents that are not covered or reimbursed by your health insurance plan e. If you have signed up for medicare, you may elect the ppo plus hsa plan but are not eligible to contribute to an hsa. Health savings accounts take care hsa is easy to use with the take care hsa employees can use the funds in their account to pay for current qualified health care services or save them and let them grow taxfree for health care needs down the road. Managing your account you can manage or check on your account through wageworks online or over the phone. A health flexible spending account fsa is part of your benefits package. Frequently asked questions for hsas health savings. Order additional wageworks healthcare cards for your family. Flexible spending account, year end faq dartmouth college.
Form health savings account direct transfer wageworks 120417. Publication 969 2019, health savings accounts and other. Qualifying expenses for flexible spending account fsa or health savings account hsa plan restrictions may apply. You have no pay me back elections in your activity history. Am i eligible for the ppo plus hsa plan, including the health savings account, if i am covered under medicare. This pretax benefit account, in conjunction with your qualified highdeductible health plan, is used to pay for eligible outofpocket medical, vision, and dental expenses. For a complete list visit turn over for more e rx prescription copayment medical office visit medical dental vision psychotherapy chiropractic care lab medical orthodontia hospital fees xray medical. Signature it is my responsibility to determine 1 whether i am eligible to make contributions to my hsa, and 2 whether contributions to this hsa have exceeded the applicable maximum annual contribution limit. Here it is the mostcomprehensive hsa eligibility list available on the web.
The flexible spending account fsa, administered by wageworks, provides you with a way to pay for eligible health care andor dependent care expenses with pretax dollars health care fsa. Am i eligible for the hp highdeductible ppo plan, including the health savings account, if i am covered under medicare. Verify a card transaction after the purchase if wageworks is unable to determine that your card was used to pay for eligible health care products and. Comparison of health reimbursement account hra, health savings account hsa and health care flexible spending account fsa 2020 hra hsa fsa eligibility requirements enrolled in the health account plan enrolled in the basic or core plan and you must meet specific governmentregulated eligibility requirements in irs publication. Bank of new york bny mellon is the custodian for healthflex hsas. This document contains proprietary andor confidential work product that belongs to wageworks, inc. The key to making the most of your health fsa is knowing about the wide variety of eligible expenses. The flexible spending account fsa, administered by wageworks, provides you with a way to pay for eligible health care andor dependent care expenses with pretax dollars.
May, 2020 if you are already registered, please enter your username and password. You can use your account to pay for a variety of healthcare products and services for you, your spouse, and your dependents. This list identifies the eligibility of some of the most common. The dependent care depcare fsa is intended for eligible caregiving.
Hsa eligible health care expenses below is the list of items typically covered by a standard hsa. For more information about hsa eligibility requirements, see irs publication 969. Ucs hsa and fsa administrators are working to update their plan documents and websites to reflect these changes. Qualified medical expenses hsa qualified medical expenses are defined by irs code, section 2d and include amounts paid for the diagnosis, cure, mitigation, treatment or prevention of disease for the purpose of affecting any structure or function of the body. Hsa eligibility you may be eligible to open andor contribute to an hsa if you are enrolled in a qualified highdeductible health plan healthflex h1500, h2000 or h3000. If your spouse is enrolled in a health savings account hsa, you are not eligible to participate in a health care reimbursement account. Wageworks is an administrator who provides tools, education, and support to help you successfully use an hsa and get the most value out of your health plan. Weve also put together summaries of dependent care assistance program dcap and commuter benefits account eligible expenses as well and dont forgetthe easiest and most convenient way to pay for your eligible items is with your payment card. Frequently asked questions for hsas health savings accounts how a health savings account hsa works. All remaining hcfsa funds will be forfeited if not spent prior to january 1. Support center eligible expenses calculators popular forms wageworks card fsa store manage account how to videos hsa store. All expenses incurred after december 31, 2019, qualify, and the provision has no expiration date. Health savings accounts hsas frequently asked questions. Health savings accountsfor participants in qualified healthflex.
Wageworks will likely require that you submit a receipt or your health insurance explanation of benefi ts eob to verify that the transaction was for an eligible health care good or service. Combined with your companys highdeductible health plan, a wageworks hsa gives you an easy, safe way to lower your healthcare costs today while saving money for future healthcare expenses. Hsaqualified medical expenses are defined by irs code, section 2d and include amounts paid for the diagnosis, cure, mitigation, treatment or prevention of disease for the purpose of affecting any structure or function of the body. If you are already registered, please enter your username and password. Turn over for more e prescription requirement for otc drug purchases a doctors prescription is required in order to be reimbursed for overthecounter otc drugs. Health care fsa a health care fsa pdf pays for qualified health care expenses incurred by you and your eligible tax dependents that are not covered or reimbursed by your. Hsa eligibility you may be eligible to open andor contribute to an hsa if you are enrolled in a qualified highdeductible. Starting in 2011, a prescription will be required to be reimbursed for claim forms eligible dependents below is a listing of items that are typically covered. Letter in addition to the required detailed receipt, you will need to submit a letter of medical necessity, signed by your doctor, to verify this expense is a medicallynecessary treatment for a known medical condition. Turn over for more e rx prescription copayment medical office visit medical dental vision psychotherapy chiropractic care lab medical orthodontia hospital fees xray medical. You can view a comprehensive list of eligible expenses by logging into your wageworks.
Healthcare is changing fast, and there are new ways for you to benefit. Pay many of your eligible health care and dependent care expenses online from your medical or dependent care fsa. Health flexible spending account frequently asked questions. Wageworks hsa how you manage it with a variety of payment and reimbursement options, your wageworks hsa is easy to use.
As a result, if you retained an individual hsa account with wageworks, the funds in your hsa will transition to healthequity effective march 20, 2020. Minimum account balance and how we determine the interest rate there is no minimum account balance required to open a health savings account or to obtain the annual percentage yield disclosed. Examples of eligible expenses university of pennsylvania. A wageworks health savings account hsa is like a 401 k for healthcare. You must be an eligible individual to qualify for an hsa. Eligible expenses include health plan copayments, dental work and orthodontia, eyeglasses and contact lenses, and prescriptions. Qualifying expenses for flexible spending account fsa or. Mar 31, 2020 menstrual care products now considered a qualified medical expense through an fsa, hra or hsa. A health savings account, or hsa, is like a 401k for healthcare. Wageworks has provided cobra administration services to employers since 1986. Comparison of health reimbursement account hra, health. Health care and dependent care flexible spending accounts. Wageworks company overview wageworks is a leading employee benefits administrator and provider of consumerdirected benefits.
Menstrual care products now considered a qualified medical expense through an fsa, hra or hsa. The health flexible spending account, administered for uc by wageworks login required, formerly conexis, is a voluntary program established under internal revenue code irc section 105 that lets you pay for eligible health care expenses not covered by your insurance through pretax salary reductions eligibility. Child qualifying child per standard irs definition, for. Thinking about your hsa as a 401k for most individuals, a health savings accounts hsa is a flexible savings platform offering the greatest opportunity to save on taxes and store money away for the future. Child qualifying child per standard irs definition, for general tax purposes yes. The wageworks hsa default is for paper statements to be mailed. There are thousands of eligible expenses for taxfree purchase with a health savings account hsa, flexible spending account fsa, and health reimbursement arrangement hraincluding prescriptions, doctors office copays, health insurance deductibles, and coinsurance. Click on the wageworks logo above and enter calculate savings card use verification cuv. With industryrenowned technology, flexible systems, dedication to compliance, and a commitment to customer service excellence, wageworks has become a leader in cobra administration providing solutions to organizations of every size, across all industries. You must have made a pay me back election prior to filing a claim. An hsa is a triple federal taxadvantaged account when paired with an irs qualified highdeductible health plan e. Health flexible spending account frequently asked questions what is a health flexible spending account. Flexible spending account fsa eligible expense guide.
Wageworks health savings account westlake chemical. Eligible expenses for your wageworks dependent care. Future developments whats new internal revenue service. This plan lets you use pretax dollars to pay for eligible health care expenses for you, your spouse, and your eligible dependents. With this pretax benefit account, you can take advantage of the longterm savings power of an hsa and use a healthcare fsa specifically for this years eligible outofpocket dental and vision expenses. Form health savings account direct transfer wageworks. Health savings accounts hsas a health savings account hsa is a taxexempt trust or custodial account you set up with a qualified hsa trustee to pay or reimburse certain medical expenses you incur. Eligible expenses for your take care by wageworks health savings account you can use your take care by wageworks health savings account hsa to pay for a wide variety of medical, dental, and vision care products and services for you, your spouse, and your dependents. You can deduct on schedule a form 1040 or 1040sr only the part of your medical and dental expenses that is more than 7. Hsa eligible expensesqualified hsa expenses wageworks. Oebb and wageworks are currently discussing the fees charged for hsa services and oebb will provide updates to all hsa fee changes as soon as possible. The irs determines which expenses are eligible for reimbursement. Eligible expenses for your wageworks dependent care flexible spending account you can use your wageworks dependent care flexible spending account fsa to pay for a wide variety of child and elder care services.
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