Flexible Spending Account (FSA) - Health FSA If you did not elect the HSA medical plan, a Health (or Medical) Flexible Spending Account (FSA) is a great cost savings tool that can help with common medical, dental, or vision expenses. You elect a portion of your salary to be deducted, on a pre-tax basis, from each paycheck to use for reimbursements of qualified out-of-pocket expenses throughout the plan year. If you elected the HSA Medical Plan, you cannot enroll in the Health FSA How a Health FSA Works A Health FSA may be used for the reimbursement of eligible medical, dental, or vision expenses for you, your spouse or dependents (as defined by Federal tax law), up to the amount you elect to contribute to the FSA for the year. The IRS set the 2025 maximum contribution at $3,300. The annual minimum contribution is $100. Deductions will be spread out in equal amounts, per paycheck, throughout the plan year. Due to the use or lose rule; it is important for you to carefully estimate your out-of-pocket expenses for the upcoming plan year. Any amount remaining after the end of the plan year (10/31/2026), and grace period, will be forfeited. How Your WEX Card Works For easy access to your FSA funds, you can swipe your WEX debit card and avoid out-of-pocket costs. If you use your card at a provider with an Inventory Information Approval System (IIAS), the expense will automatically be approved at the point of sale. If the card is swiped at a merchant that meets the IRS’ 90% rule, you may need to provide documentation to show the expense is eligible. Access your online account from the Wex website at https://customer.wexinc.com/login/benefits-login/ . The card can be used at facilities and merchants participating in the Inventory Information Approval System (llAS). This list can be accessed at https://www.sig-is.org. Search Eligible Items Online - FSA Store FSAstore.com is everything flex spending with zero guesswork. It’s both the largest online marketplace for guaranteed FSA eligible products and an educational resource that you can actually understand. It’s the company’s mission to help millions of flexible spending account holders manage and use their FSAs and save on more than 4,000 health items using tax-free health money. Note: Although we accept FSA cards and most card purchases should auto-approve without you needing to submit further paperwork, your FSA administrator might require a receipt for your purchase to substantiate the claim. Check out the Learning Center for more FSA eligible tips and resources! Using Your Smartphone or Tablet Manage your FSA anywhere. Sign in to capture receipts, pay bills, search for qualified medical expenses and more.
Benefits Guide 2025-26 15
Made with FlippingBook - Online magazine maker