September 2011
Protect your skin!!
Effective 9/15/11, sunscreen and sun block specifically noted as SPF 15+ broad spectrum are eligible under a FSA.
See Link to FDA release: http://www.fda.gov/forconsumerupdates/ucm258416.html.
August 2011
Summer will soon be over. Be sure to get a checkup — on your FSA balance. View the Balance Summary on your FSA Participant Portal for your current balance.
July 2011
What items on your summer checklist are FSA eligible?
Prescription sunglasses, band aids and First Aid supplies are? Just remember to save those receipts.
June 2011
If I cannot substantiate my card transaction or it's an ineligible transaction and I have to submit a repayment check, what happens to those funds?
Your Provider is paid at the point of sale. Repayments are used to Approve a card transaction. Those funds are put back into your FSA account for you to use on eligible expenses.
May 2011
Are you being asked to submit receipts for an ongoing orthodontia transaction? Here are some helpful tips if you use your MyFlex Advantage card for payment:
- A copy of the ortho contract or statement that shows the patient receiving ortho treatment is required
- This charge can be set up as a recurring expense : for the remainder of the calendar year, a transaction for the exact amount and the exact provider will auto approve
- If the treatment carries over into the following plan year, substantiation will be required at the beginning of each plan year to set up as a recurring expense.
April 2011
Tired of waiting for you FSA reimbursement check in the mail? Why not sign up for Direct Deposit?
Direct Deposit is a safe and easy way to get your FSA reimbursements faster. To sign up, simply complete and fax the Direct Deposit form from your FSA Participant Portal or from www.upmchealthplan.com/myflex.
Important: If you currently have a bank account with National City, please contact your bank for an updated account number and or routing number. National City accounts will not be accepted.
February 2011
Breast pumps and lactation aids added to the Eligible Expense without a prescription list
Just released guidance from the IRS provides new and expectant mothers with some welcome financial relief. The guidance (IRS Announcement 2011-14), which was released February 10, 2011, adds breast pumps and supplies and lactation aids to the list of items eligible for reimbursement from a medical account (such as a Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA) or Health Savings Account (HSA)). With the ruling, which takes effect immediately, breastfeeding mothers can use their medical accounts to purchase or be reimbursed for eligible lactation-related expenses.
This follows on the heel of the Affordable Care Act's requirement to provide both lactation breaks and facilities.
Please see the official IRS announcement at http://www.irs.gov/pub/irs-drop/a-11-14.pdf.
September 2010
Over-the-counter (OTC) drug changes effective January 1
How will the health care reform act affect my FSA (Flexible Spending Account)? >
July 2009
Flexible Spending Account change effective July 1