Q1 2013 |
Date of Publication: February 5, 2013 |
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Want to save money in the new year? With your health FSA, you can. Whether your new plan year has begun or not, you’ll maximize your savings by knowing how to spend your pre-tax FSA dollars. It’s best to know what FSA funds pay for and what they don’t. Eligible ExpensesYou can use your FSA dollars toward eligible medical, dental, and vision expenses not covered by insurance or reimbursed by any other benefit plan or program. These are eligible expenses incurred by you, your spouse, and your eligible dependents. Examples include co-pays, co-insurance, deductibles, qualifying vision and dental services, insulin, and prescriptions. Over-the-counter (OTC) health care items, such as bandages and first aid kits are also eligible health FSA expenses. Learn more … Ineligible ExpensesYour health FSA doesn’t cover insurance premiums, or items or services used for personal, cosmetic, or general health purposes. These ineligible items typically include cosmetic surgery and procedures, and things like makeup, soap, toothpaste, and perfume. Learn more ... Potentially Eligible ExpensesSome health care items or services that are used to maintain general health – as well as treat a diagnosed health condition – may be eligible expenses. Examples include vitamins, herbal supplements, massage therapy, and weight-loss programs (excluding the cost of food). These "dual-purpose" expenses require a Medical Determination Form completed by your doctor. Find this form in your online account, and once completed, simply include it with your reimbursement request. OTC medicines also fall into this category. To be an eligible expense, the OTC medicine must be prescribed by a doctor (or another person who can legally issue a prescription). You can give the written or electronic prescription to a pharmacist who will dispense it like a traditional prescription. Or you can pay for the OTC medicine out of your pocket and submit the itemized receipt and a copy of the prescription along with your reimbursement request. Get more details … Visit our website for more on making the most of your FSA funds throughout the plan year. |
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Effective January 1, 2013, you’ll receive a penny more a mile if your employer’s FSA plan includes reimbursement for travel to and from your doctor’s office, the dentist, pharmacies, and other places where you obtain eligible health care services. The IRS standard mileage rate for medical expense is now 24 cents per mile. For more info, see our FSA Expenses webpage. |
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Why do I have to submit a receipt for the contacts I purchased with my benefit card? At times, some card purchases require proof that you used your benefit card to pay for eligible expenses. You can find out if you have unresolved transactions requiring action in your monthly activity statement. Even better, log in to your online account and sign up for Real-time Alerts, and we’ll notify you right away. The easiest way to clear unresolved transactions is through your online account. If you can’t provide supporting documentation by the due date, you must take further action to avoid having your card suspended and paying more in taxes. Visit our website for more about actions required. |
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Since February is Heart Month, it’s a great time to check out your heart health. One way to do this is by getting a checkup so you can know your numbers, including blood pressure and cholesterol levels. Check It
Change ItThe good news, if these checks detect undesirable levels, it is possible to change them. Together, you and your doctor can make a plan for improving these numbers – and your health. Schedule an FSA CheckupWhile knowing your numbers is a good health practice, it’s also beneficial to check up on your FSA balance throughout the year. You can use FSA funds to cover health, dental, and vision checkups, prescriptions, and over-the-counter health care items like blood pressure monitors. And if needed to treat a diagnosed health condition, your FSA funds may cover services prescribed by a doctor, such as a smoking cessation program. Check out the details at www.conexis.com/myfsa. Source: American Heart Association |
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877.CONEXIS | WWW.CONEXIS.COM |
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This email was sent by: CONEXIS This email was sent from an unmonitored email address. While we cannot receive replies at this email address, we're happy to help you with any questions or concerns you may have. Please log in to your account at mybenefits.conexis.com and visit the "Contact Us" page for more information. CONEXIS does not offer medical, legal, accounting, or other professional advice. If you need additional guidance, please contact your doctor, attorney, or tax advisor. CONEXIS uses reasonable efforts to ensure that the information provided in this document is accurate as of the date of publication. ©2013 CONEXIS Benefits Administrators, LP. All Rights Reserved. CONEXIS is a Word & Brown Company. No part of this publication may be reprinted without the written permission of CONEXIS. |
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