Effective Date (mm/dd/yyyy) Stop Recurring Dependent Care FSA: Please stop my recurring reimbursement for the information provided in Step 3 as of the Effective Date listed on the right. To be eligible for this type of FSA when offered through your employer, you and your spouse (if applicable) must be employed, or your spouse must be a full-time student or looking for work. Dependent Care FSA Why should I choose a dependent care FSA? Report a card as lost or stolen, which cancels the card and ships you a new one. ERGs drive diversity by fostering new bonds and communities across the company. Updates or changes to your information can be made by logging into your account at www.wexinc.com . With a female CEO, an executive team with 30% female leadership, and global workforce that is nearly half female, women are a key part of WEXs business at all levels. Learn from experts on a variety of industry topics. PDF Dependent Care Verification Form - WEX Inc. WEX Advantage Career support and cross functional teamwork is important to our employees, and our Mentor program supports that through pairing up individuals across different business lines to support their growth and career development. You're spending the money either way. I understand that WEX, including its agents and employees, will not be held liable if I submit ineligible expenses for reimbursement. Benefits Mobile App Access your benefits anytime, anywhere. Prescription drugs. These HRAs are employer-funded accounts designed to help retired employees pay for plan-eligible medical expenses during retirement. Log in, under Accounts select Banking/Cards. Fast Fact For recurring costs, submit our Recurring Dependent Care Form. The IRS requires that documentation include: An Explanation of Benefits (EOB) typically containsthe information the IRS requires. Step 3: Provider Affidavit: Provider Signature: Date: Date Span of Service (mm/dd/yy) Name of Provider. Discount Think of it like a discount on healthcare expenses at stores such as Amazon, Target, CVS, Walmart, Walgreens and more. Optional employer self-service upload of contribution files, admin file contribution processing across employers, debit card, mobile, and online claim filing. Note: Employers may offer these limits, but are not required to. Benefits eligible expenses There are thousands of eligible procedures, items and expenses based on your plan. To kick off another year of providing you with the employee benefits tips and information you need, we wanted to look back at your favorite blog posts from the last year. Recurring Dependent Care Request Form This form is to be completed each plan year and as changes occur when you want to receive recurring reimbursement of dependent care expenses. Additional cards You can request additional debit cards for your spouse or dependents from your online account. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Keep more of your money in your business, where it belongs.Apply for a fleet card today! document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Keep more of your money in your business, where it belongs.Apply for a fleet card today! Any funds you contribute to the limited FSA must be spent by the end of the plan year. Pairing these plans allows you to spend your limited FSA dollars on eligible expenses while saving or investing your HSA dollars. Our technology can pull from the right benefits account (at the right percentage, in the right order) when participants make a purchase, so they only need one debit card, no matter what benefits they are enrolled in (health and commuter). Employee Resource Groups are great because it gives everyone a voice regardless of origin and background. WexLocationCode.setTransientValue("wex02"); I want to make a difference and make people feel like they belong here and WEXPats empowers me to do that by giving me a community of people who have the shared experience of immigrating to a new country for work and the passion to make the transition easier for others. Please note that filing requirements are subject to change by the IRS. You will forfeit any money left in your account at the end of the plan year. If used elsewhere, you may need to upload supporting documentation (depending on your benefits plan). Funds on day 1 All of your FSA dollars are available on the very first day of the plan year. Quick answers to 10 top FSA questions | WEX Inc. Can I enroll? A customized benefit that employers provide as a reward for or to encourage healthy employee behaviors. Employee Resource Groups are great because it gives everyone a voice regardless of origin and background. Consolidation of benefits under a single umbrella. They also help you connect with resources for elder care, dog walking and much more! Pre-tax cost are available for addicted care driven a dependent care FSA. What if additional documentation is required? How does it work? The benefits mobile app keeps your benefits always within reach. This highlights some of the benefits of these accounts. Because your DepCare FSA contributions reduce your taxable income, participation will lower your taxes. Fast fact Dont know how much to elect? Status changes include: The IRS has ause-it-or-lose-it rulefor FSAs, which means funds must be spent by the end of the plan year unless your employer offersa grace period or carryover. Dependent Care Account (Dependent Care FSA): Allows reimbursement of dependent care expenses incurred by eligible dependents. Predetermined dollar amounts automatically provided to participants on a defined schedule. Specifically, you can use it anywhere with an Inventory Information Approval System (IIAS) or at merchants that meet the IRS 90 percent rule (where 90% of gross sales meet eligibility requirements). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Keep more of your money in your business, where it belongs.Apply for a fleet card today! Were talking one modern, user-friendly online account, one debit card for all their benefits (that they can add to their digital wallet and use with mobile pay), and one mobile app to easily track and manage their benefits even when they are on the go. Sign up to get new Benefits Buzz blog posts delivered to your inbox. We are positioned to create a community that sustains and supports us as individuals and leaders, while also helping us to drive positive impact to our business. And when youre using a desktop, you can expect the same user-friendly experience. You can use your funds for expenses incurred by you, your spouse or eligible dependents. You can also pay out of pocket and request reimbursement. A medical FSA is a benefit that allows you to choose how much of your paycheck youd like to set aside, before taxes are taken out, for healthcare expenses. We are positioned to create a community that sustains and supports us as individuals and leaders, while also helping us to drive positive impact to our business. WEX Benefits Login | WEX customer login | WEX Inc. This HRA also works with our debit card and can be set up for % authorization so that the coinsurance HRA can be stacked with an FSA to cover the full expense amount. ERGs drive diversity by fostering new bonds and communities across the company. Our payments platform technologies give you everything you need to run an advanced payments program in one place, including the expertise to make payments smarter, faster, and more profitable. Rx/MN 1 2 3 4 5 65 Next If you are enrolled in a Limited Medical FSA or Combination Medical FSA, your eligible expenses may be different. Funds available as you contribute Funds will be available to you as theyre deducted from your paycheck and contributed to the plan. This removes the burden of managing carryover from the partner, and creates a hassle-free experience for participants. Compliance June 3rd 2017. A 115 Trust is similar to a VEBA in that it is an employer-funded, interest earning account where contributions are held in a trust on behalf of employees. Can I enroll? You must submit a claim for each reimbursement. We recommend reviewing how much you spend on eligible healthcare expenses every year to determine how much to elect. The knowledgebase boasts millions of views of our microvideos, articles and step-by-step how-tos empowering you to get the most out of your benefits. WexBocaLink.setUrl("locations-flyout", "WEXFleetUniversal", "cc1"); Save money and manage fleet operations with our modern business mobility solutions, including a broad array of fuel cards for any size fleet. There are thousands of eligible items, including: Copays and coinsurance Doctor visits and surgeries Over-the-counter medications (first aid, allergy, asthma, cold/flu, heartburn, etc.) Watch below for the full podcast episode or keep reading to learn more about these plans. Request for Reimbursement Dependent Care Flexible Spending Account Instructions Employee must complete Employee Information. I want to make a difference and make people feel like they belong here and WEXPats empowers me to do that by giving me a community of people who have the shared experience of immigrating to a new country for work and the passion to make the transition easier for others. . Follow the step-by-step instructions below to design your dependent care verification form wex: Select the document you want to sign and click Upload. Inventory Information Approval System (IIAS). Claim Amount & Dependent Name Dependent . You can easily upload documentation to a claim by logging into our mobile app, taking a photo of your documentation with your phones camera and uploading it. Health Account Solutions | Voya.com WEXVets provides mentorship, development, and camaraderie for veteran employees, empowering them to capitalize on their unique experiences. We manage almost all aspects of our lives from the palms of our hands. These stand-alone HRAs are offered outside of the traditional group health plan as supplemental benefits or in some specific cases, instead of traditional group insurance. Contribution amounts and frequency vary by participant. On the WEX benefits platform, here are the common expense categories for medical FSA purchase. HRA - Health Reimbursement Arrangement | Benefits | WEX Inc. Is the WEX Health Payment card just like other Visa or MasterCard Cards? Description What if additional documentation is required? Putting money into a flexible spending account decreases your taxable income, which means youll take home more money. Military veterans possess invaluable leadership skills and business acumen. WEX defines Wellbeing as a balance of five essential elements: career, social, financial, physical and community which all support the employee at the center philosophy.