Custom Request Sample - WEX Benefits You

Save Money with Medical FSA and Dependent Care FSA Plans

Welcome Employees!

This website has been created just for you and your family members with quick and easy access to our commonly requested information, education materials and resources.

Resources

WEX Benefits Card Handout

Technology & Resources Handout

Mobile App Handout

Eligible Expense List

What is a Health FSA

What is a Dependent Care FSA

Save money with a healthcare FSA

Get more out of your money by participating in a healthcare FSA. You can choose how much of your paycheck you’d like to set aside, before taxes are taken out, for healthcare expenses. This saves you money by reducing your taxable income.

You can save on a variety of expenses, including:

Doctor and dental copays
Health plan deductibles and coinsurance
Eligible over-the-counter expenses, such as pain relief medications and cold/flu products
Prescription drugs and medicines
Eye exams and eyeglasses

Check out our eligible expense list for a complete list of FSA expenses.

Eligibility

Healthcare FSA funds can be used on you, your spouse, and eligible dependents.

Funds on Day 1

Schedule that surgery, buy those eyeglasses or finally get those braces. All of your FSA funds are available to spend right away. Use your benefits debit card at the point of purchase.

Plan ahead

Think about the money you spent on healthcare expenses last year. Plan ahead and set those funds aside in a healthcare FSA and save 30% (based on a 30% tax bracket).

Carryover

If your healthcare FSA includes a $550 carryover (which is the maximum allowed by the IRS). That means you can carry over up to $550 from your healthcare FSA into the next plan year. Any unused funds beyond the $550 threshold will be forfeited to the plan.

Run-out period

A run-out period extends the final filing date past the last date of the plan year to give you additional time to file for reimbursement of FSA claims. If your plan has one, you have until the end of your run-out period, to submit claims incurred in the prior plan year.

Claim filing

You can file a claim easily with:

The Benefits Mobile App

You can file claims and submit documentation in seconds using the Benefits Mobile App. Our app is the quickest and easiest method for filing claims and submitting documentation. Just use your phone’s camera to take a picture of documentation and upload it on the spot. The app also allows you to:

Get instant notifications on the status of your claims.
Check your balance and view account activity.
Report a card as lost or stolen to keep your account secure.
Determine 213(d) eligible expenses by using the eligible expense scanner and your phone’s camera.

Online account

You can also file claims through your online account by clicking the “File A Claim” button within the “I Want To” menu on the homepage of your online account.

Note: You may also file a claim by submitting a Claim Form and supporting documentation via fax or mail.

Experience the savings of a dependent care FSA

Reduce your eligible childcare and other dependent care expenses by participating in a dependent care FSA. You can set aside a portion of your paycheck before taxes for eligible dependent care expenses each year.

Eligibility

You are eligible if you and/or your spouse (if applicable) are gainfully employed, looking for work, or are attending school on a full-time basis.

What does it cover?

The list includes, but is not limited to, eligible:

Childcare center, babysitter, nanny (birth through age 12)
Summer day camp (birth through age 12)
Before- or after-school care (birth through age 12)
Disabled dependent and/or spouse care

Check out our eligible expense list for a complete list of FSA expenses.

Recurring expenses

For recurring costs, you can submit a Recurring Dependent Care Form. It makes claim filing simple because you only need to submit one form once in order to get reimbursed each pay period. This form is to be completed each plan year and as changes occur when you want to receive recurring reimbursement of dependent care expenses.

Grace period

If your dependent care FSA includes a grace period, you would be allowed extra time beyond the end of your plan year to incur claims and be reimbursed with FSA funds. With your an FSA’s grace period, you will have until the grace period end date to incur claims for the prior plan year. After that, your FSA funds will be forfeited to the plan due to the IRS’ use-or-lose rule that governs FSAs.

Run-out period

A run-out period extends the final filing date past the last date of the plan year to give you additional time to file for reimbursement of FSA claims. Your plan year expires on December 31, 2021, which is the last day you can incur claims for a plan year. However, you have until the end of your run-out period, which is April 15, 2022 to submit claims for the 2021 plan year.

Claim filing

You can file a claim easily with:

The Benefits Mobile App

Get instant notifications on the status of your claims.
Check your balance and view account activity.
Report a card as lost or stolen to keep your account secure.

Online account

You can also file claims through your online account by clicking the “File A Claim” button within the “I Want To” menu on the homepage of your online account.
Note: You may also file a claim by submitting a Claim Form and supporting documentation via fax or mail.