basic fsa debit card

A flexible spending account allows you to use pre-tax money to pay for health care expenses, either for you, your spouse, or your dependents. An FSA card is the debit card that allows you to access money in your flexible spending account. From there, you will be able to order a replacement to be sent in the mail. A verification is when you pay for a qualified expense with your BASIC Debit Card. When you receive a service or purchase a product, simply present the Flex Debit Card and the provider will be paid with the money being deducted from your individual Flex Account. 0000022119 00000 n 0000002149 00000 n 0000007197 00000 n 0000049132 00000 n 0000049638 00000 n Using the BASIC Flex Debit Card 1. No matter what accounts a participant enrolls in (HSA, FSA, HRA, commuter benefits, or a combination), they only need ONE debit card because our technology can pull from the right account (at the right percentage) based on their purchase. 0000049525 00000 n 0000655627 00000 n 0000007224 00000 n Welcome to BASIC's FSA Renewal Wizard. You can handle co -pays, prescription payments, and most incurred costs on the debit card. Thank you for allowing BASIC to serve you! If you participated in FSA for the prior plan year (2020) your existing card will still be good for the new plan year. This type of card can be used in many different places, and it can pay for the costs associated with approved medical items. /N 3 @~ (* {d+��}�G�͋љ��ς�}W�L��$�cGD2�Q��Z4 E@�@�� A(�q`1��D ��`'�u�4�6pt�c�48.��`�R0��)� 2. 0000594367 00000 n 0000003787 00000 n 0000022540 00000 n A History of FSA Debit Cards Introduced in the late 1970s, flexible 0000095264 00000 n Those funds can then be used to pay for certain qualifying medical expenses. Following are the basics of an FSA debit card. 0000009305 00000 n You have lost your FSA card - How to replace it? You can also pay out of pocket and request reimbursement. The WEX benefits debit card works anywhere that offers an Inventory Information Approval System (IIAS) or at merchants that meet the IRS’ 90 percent rule. 0000000016 00000 n 0000591847 00000 n Just choose the option best for you. 0000001962 00000 n Are there any other FSA claims mistakes I need to watch for? In order to replace your card, you must reach out to your plan administrator. Flexible spending arrangements can help you spend less on health care, but only if you use yours correctly. But before you sign up for an FSA, understand how it works and what it covers. This means you will need a personal identification number (PIN). xref �MFk�� t,:��.FW��8��c�1�L&��ӎ9�ƌa��X�:�� r�bl1� Use your debit card to purchase approved Over-T he-Counter items at www.drugstore.com and at www.walgreens.com for an extended list of items that can be purchased online. �� 0000095225 00000 n 0000002822 00000 n All such cards to date bear the Visa, MasterCard, or Discover brand and operate through their main networks; thus all FSA debit card transactions are of the offline variety (also known as "signature debit" or, inaccurately but commonly, "credit"). 0000095806 00000 n What if the amount of my expense is greater than my account balance? Widespread acceptance at approved providers of medical products and services that accept Debit Mastercard. Thank you for being a BASIC Flex client. 0000003532 00000 n << By continuing you agree to the Terms of Use and Privacy Notice. Beniversal Prepaid Mastercard – Instant access to funds. endobj startxref 0000049560 00000 n %%EOF 0000095457 00000 n Ask your provider to charge the exact amount remaining on the card, and pay the difference by cash or check. This is an account that is set up alongside your health insurance, and you can choose to have pretax dollars from your paycheck routed into it. 0000009203 00000 n How does it work? {{{;�}�#�tp�8_\. FSA debit cards that plan sponsors need to thoroughly analyze and understand, in-clude: • The growth of consumer-driven health care (CDH) • Advances in technology • New legislation from Congress on the “use-it-or-lose-it” rule • Changes to transportation plan ben-efits. 0000095689 00000 n You may also use 1-800-CONTACTS or VisionDirect.com. 0000596383 00000 n In 2019, you could contribute as much as $2,700 per employer, or $225 per month. your BASIC Debit Card, but pay using check, cash or another credit or debit card. Proprietary smart card technology withdraws funds from the appropriate account (s) based on plan design and expense eligibility. 0000049387 00000 n You can use card at any health-related business that accepts MasterCard ®. BASIC FLEX USERS GUIDE DEBIT CARD basiconline.com 800-444-1922, ext. The debit card greatly reduces the number of … 0000021841 00000 n While the FSAFEDS Program does not offer a debit card, FSAFEDS has a variety of convenient reimbursement and payment options, so using your FSA dollars couldn't be any easier. 2. %PDF-1.4 %�� You should keep a copy of all Two cards are mailed to your home address and arrive in a plain white envelope. 0000004727 00000 n A Flexible Spending Account (also known as a flexible spending arrangement) is a special account you put money into that you use to pay for certain out-of-pocket health care costs. This means you’ll save an amount equal to the taxes … This is an account that is set up alongside your health insurance, and you can choose to have pretax dollars from your paycheck routed into it. Those funds can then be used to pay for certain qualifying medical expenses. %PDF-1.7 All participants receive an Erisa Trust Debit Card for use with FSA. ONE debit card for all benefits accounts. A flexible spending account could save you money on health care. 0000034293 00000 n Below are resources to assist in administering your Flexible Spending Account (FSA). When will I receive my debit card? The Benefit Debit Card. �,�S��t>00�qI-�6�4u��d. Your benefit debit card allows you to access your available balance and recent transactions. A $10.00 replacement fee will be deducted from your FSA if you destroy your card prior to the expiration The FSA limits have just slightly increased from 2019. 0000095611 00000 n stream 0000007056 00000 n 3 0 obj [/ICCBased 3 0 R] Step One: Charge it! Mistakes are normal, and they aren't the end of the world. Using the debit card eliminates the need for you to pay out-of-pocket and wait for reimbursement. The BASIC Card can be used anywhere Mastercard is accepted. 0000003901 00000 n 0000059449 00000 n An FSA card is the debit card that allows you to access money in your flexible spending account. ?��:��0�FB�x$ !��i@ڐ��H��[EE1PL��⢖�V�6��QP��>�U�(j 0000001344 00000 n A single debit card is issued that can be used for the Medical and Dependent Care FSA as well as Commuter Benefits and a Healthcare Reimbursement Arrangement if the … 2 0 obj 0000059333 00000 n 0000009133 00000 n Proprietary smart card technology withdraws funds from the appropriate account (s) based on plan design and expense eligibility. Debit cards can now be used as “debit” or “credit.” However, a merchant may ask you to use the card as a debit card. 0000008561 00000 n 0000007753 00000 n �@��R�t C��X��CP�%CBH@�R��f�[�(t� C��Qh�z#0 ��Z�l�`O8��28.��p|�O×�X 0000095360 00000 n /Filter /FlateDecode 0000049470 00000 n BASIC FSA Debit Card: Use the card to pay for eligible healthcare and dependent care expenses at eligible merchants. As long as you elect to participate in your FSA plan each year, your debit card will be loaded with your new annual election amount at the start of each plan year for up to five years. The new blue card has a fresh look that matches the My.WEXHealthCard.com website. An FSA debit card is linked to a flexible spending account or some other type of tax advantaged savings account. If BASIC needs to see a copy of the receipt, we will contact you. Learn about FSAs (flexible spending accounts), how FSAs work, what they are and how they may help you cover out-of-pocket medical expenses. 0 *1 J�� "6DTpDQ��2(��C��"��Q��D�qp�Id�߼y�͛��~k��g�}ֺ ��LX ��X��ň��g`� l �p��B�F�|،l�� *�?�� Y"1 P��\�8=W�%�Oɘ�4M�0J�"Y�2V�s�,[|��e9�2��s��e��'�9��`��2�&c�tI�@�o�|N6 (��.�sSdl-c�(2�-�y �H�_��/X��Z.$��&\S��M��07�#�1ؙY�r f��Yym�";�8980m-m�(�]��v�^��D��W~� ��e��mi ]�P��`/ ��u}q�|^R��,g+��\K�k)/��C_|�R��ax�8�t1C^7nfz�D��p�柇��u�$��/�ED˦L L��[��B�@��ٹ��ЖX�! Your FlexMoney Card®is a Visa®debit card that gives you easy access to the funds in your Health Care Flexible Spending Account (FSA), and a convenient way to pay for eligible health care expenses. 538 0 obj <> endobj 588 0 obj <>stream You don’t pay taxes on this money. Flexible Spending Account (FSA) Features. Keep the receipt. In 2021 the allowable contribution stayed at $2,750 per employee, the same as 2020 levels. 0000097135 00000 n h�b```b``��^� "l@Q�( G� �|�,jF You are requesting a reimbursement from your BASIC Flex account for the money you paid out-of-pocket. When your card is activated, it is assigned a PIN. Contact Us - Call Flexible Spending Department Support at (269) 327-1922, Toll Free at (800) 444-1922 or Email us at Flex-HRASupport@basiconline.com 538 51 How does reimbursement work? If you have any questions regarding the renewal wizard, please contact Flex Customer Service at 800-444-1922 ext 1. x��wTS��Ͻ7�P��khRH �H�. Important news: if you have an FSA debit card. BASIC Card All participant benefit accounts and MyCash account are linked to a single card. For example, if you used your FSA debit card to make a payment and at a qualified merchant with the proper system in place, your expense may even be automatically approved without the need for documentation. 0000096076 00000 n More info; BRiWeb – Secure online resource for Flexible Spending balances, transaction details, online claims, receipt uploads and more. Change in Participation Use if you have a qualifying life event or are reinstating your MDEA/DCEA upon returning to work from a 0000589327 00000 n >> Beyond the new look, it still works the same way and offers the same convenience as the Benny™ Card. 0000059267 00000 n Paperless Reimbursement Options In most cases, participants can order a card by completing the “FSA Debit Card Application.” Some employers have cards automatically provided to participants. You can check the balance by logging into the FSA/HRA portal, Debit Card portal, or by calling Customer Service at (800) 422-7038. In some cases, FSA holders who wish to access their funds are required to incur an out-of-pocket expense, and then submit receipts to their benefits administrator. The Benny™ Card now has a new name and look: WEX Health debit card. Use the benefit debit card to deducts charges for qualified purchases from your FSA or HRA account. BASIC Card All participant benefit accounts and MyCash account are linked to a single card. 0000003350 00000 n <]/Prev 1071771/XRefStm 1962>> Employees will get reimbursed once the paperwork is submitted for eligible expenses. 3. 0000008291 00000 n trailer Call 800-372-3539. /Length 2596 0000004165 00000 n FSA cards are essentially the same as debit cards, but used to cover medical expenses. 0000009014 00000 n Read the cardholder agreement, call to register your card, and select a PIN if you wish. 0000058938 00000 n The BASIC Card can be used anywhere Mastercard is accepted. 0000003709 00000 n 0000002299 00000 n Trouble signing in? Your information is secure 1 Page 4 5/16 Dependent Care (Day Care) Facts: This is a pay-as-you-go account, meaning reimbursements are made when funds become available If used at an IIAS merchant, simply swipe your card to have any eligible expenses automatically approved.

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