Use it or lose it!
What is a Healthcare
Per the IRS, guidelines are:
tax savings account to pay for medical
federal, state, SS & Medicare
Date of service determines which year’s
account will be charged
Strict list of items eligible for reimbursement
Use it or Lose it!
How much may I contribute?
Between $100 and $5000
Withholding is based on # of paychecks
remaining in the year (24 max)
You may start, stop or change only
During Open Enrollment
If you have a Qualifying Event
What expenses qualify for an HCSA?
Established by the IRS
Alcoholism treatment program
Birth control pills
Braille books/magazines (extra cost)
Car modification for disability
Childbirth classes (mother)
Christian Science practitioners
Deductibles and co
Hearing aids and batteries
Laser eye surgery
Massage therapy (within limits)
Medical services by a licenses provider
Mileage ($.19/mile in 2011)
Nursing home charges
Prescription drug co
Prescription vitamins (treating a deficiency)
Are there some over
items that qualify?
Yes, but only with a
prescription by your
doctor as being medically
Cold/hot packs for injuries
First aid kits
Nicotine gum or patches
Ointments for muscle pain
Ointments for first aid
Pain relief medications
Pregnancy test kits
How do I get money from the account?
You have three primary ways to collect money
from the Healthcare Spending Account:
Submit by mail or fax
The next three slides will explain each
How does a Benny Card work?
A Benny Card has these features:
Looks like a credit card
Works like a debit card (declining balance)
Your full annual balance is loaded onto the card
Rather than paying a co
pay ($20, $40, $50, etc),
you can have that payment come straight out of
your Spending Account via the Benny Card
Save all healthcare receipts (even when using the
How does Automatic
You must use UMR for your medical and/or
dental ins. for Automatic Reimbursement to work
At the time of generating a co
office, pharmacy, emergency department), you
would make your payment to them at that time
When UMR processes the claim, they will
electronically notify the Healthcare Spending
Account department to issue you a check to
refund you for each co
How do I submit Healthcare Spending
Account expenses for reimbursement?
Shoebox method: Referring to the practice of
“saving” all eligible receipts during the year
and submitting for reimbursement.
You may submit for reimbursement once a
year or as often as you wish.
Claim forms are in the Forms & Documents
What dates affect my reimbursements?
You have until next March 31
to submit this
The date of service, date of treatment and
date of purchase will determine which year to
claim is applied to. For example, paying for
eyeglasses on December 31
will count as
current year while paying on January 2
eyeglasses will count toward the “new” year.
Do NOT use the Benny Card in January for
the previous year’s claims