As our first week with PayFlex comes to a close, a few reminders for those with a Health Care Flexible Spending Account.As our first week with PayFlex comes to a close, a few reminders for those with a Health Care Flexible Spending Account.
By now you have received a new PayFlex Debit Card that you can begin to use on or after May 8, 2015 to pay for Prescription Drug co-pays. The FSA PayFlex card will allow participants to use the card at qualified merchants where MasterCard is accepted. In order for the cards to work the stores must have a system that can process healthcare cards (most large chain stores have this system). The debit card can only be used to pay for prescription copays. *Once you exhaust your Flexible Spending Account please retain your debit card if you plan to elect to have a flexible spending account in future years. If you elected a healthcare flexible spending account in 2015 and have NOT received a debit card please contact benefits@ithaca.edu
· It is important to note, you cannot use the card to pay for Over the Counter (OTC) drugs and medicine such as pain relievers, cold and flu remedies, or allergy and sinus products. To get reimbursed for OTC drugs and medicine you’ll need a written prescription from your doctor and will need to submit the claim to PayFlex.
· We continue to have a streamlining feature for deductibles, co-insurances, and copays with participating Aetna Providers. There is no change to this feature.
· If you pay for an eligible expense with a check, cash or personal credit card you can reimburse yourself by submitting a claim form with receipts to PayFlex. With PayFlex you will have the option to submit HCFSA claims online and the ability to pay your provider directly from your account.
Aetna Navigator is a great way to keep up with your Flexible Spending Account. If you haven’t already, visit www.aetna.com to create a Navigator Account.
If you have any questions or concerns about PayFlex please join us for one of our information sessions.
Health Care & Dependent Care Flexible Spending Account Sessions
· Wednesday, May 13, 2015 10:00am & 2:00pm
· Friday, May 15, 2015 9:30am & 1:30pm
All sessions will be held in the Human Resources, Garden Level of PRW. No RSVP is necessary.
https://www.ithaca.edu/intercom/article.php/20150507142607224