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EBU020- Get to Know Your Medical FSA with WEX
Manage episode 298163011 series 2319807
Meet WEX (formerly Discovery Benefits) and find out how they help you get the most from your FSA! A Medical Flexible Spending Account (FSA) is a great way to save money on your out-of-pocket healthcare costs – including dental and vision expenses. Alexis Guggisberg explains FSA basics, and the tools available to help make it easy to manage your FSA account. 00:00 - Meet WEX & online access/app overview 05:28 - FSA basics 08:39 - New eligible expenses / eligible expense scanner 11:15 - How to use your debit card or submit a claim 13:26 - Substantiation / IRS requirements 22:17 - When you can enroll/change your election 23:57 - Ask WEX – questions from employees 25:50 - Contacting WEX / Closing summary Additional Resources:
- How to Contact WEX
- How to Access Your FSA Benefits Online Account
- Getting Started with the WEX Benefits Mobile App
- How to use the App's Eligible Expense Scanner
- Eligible Expense Guide
- Did U Know – Substantiation Overview
- Video: How to Substantiate Medical FSA expenses
- Understanding Benefit Card Auto-Approval
- Common Reasons for Benefits Card Declines
- Benefits Card Suspensions - Overview
For more benefit tips and wellness info, follow essehealthbenefitsu on Facebook, Instagram, or LinkedIn
------ Music Credit: "Cheery Monday" - Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/
27 episoder
Manage episode 298163011 series 2319807
Meet WEX (formerly Discovery Benefits) and find out how they help you get the most from your FSA! A Medical Flexible Spending Account (FSA) is a great way to save money on your out-of-pocket healthcare costs – including dental and vision expenses. Alexis Guggisberg explains FSA basics, and the tools available to help make it easy to manage your FSA account. 00:00 - Meet WEX & online access/app overview 05:28 - FSA basics 08:39 - New eligible expenses / eligible expense scanner 11:15 - How to use your debit card or submit a claim 13:26 - Substantiation / IRS requirements 22:17 - When you can enroll/change your election 23:57 - Ask WEX – questions from employees 25:50 - Contacting WEX / Closing summary Additional Resources:
- How to Contact WEX
- How to Access Your FSA Benefits Online Account
- Getting Started with the WEX Benefits Mobile App
- How to use the App's Eligible Expense Scanner
- Eligible Expense Guide
- Did U Know – Substantiation Overview
- Video: How to Substantiate Medical FSA expenses
- Understanding Benefit Card Auto-Approval
- Common Reasons for Benefits Card Declines
- Benefits Card Suspensions - Overview
For more benefit tips and wellness info, follow essehealthbenefitsu on Facebook, Instagram, or LinkedIn
------ Music Credit: "Cheery Monday" - Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/
27 episoder
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