Unless your employer's plan year runs June to June and you're still in the plans grace period too much time has likely elapsed for the Vendor to accept claim paperwork (unless you have a strong advocate in HR who will make an extremely unusual and probably non-compliant exception for you). And this is the eligible expenses list from Wageworksīottom line, I doubt you'll be able to collect on this claim. Here is IRS Publication 502 that outlines eligible expenses. While you can use your FSA funds for some things that your medical insurance generally excludes (like eye glasses and COBRA premiums) you may want to ensure that the procedure you've received is an eligible expense. FSA and HSA accounts offer really great tax benefits to the people that use them, but that benefit comes with some strict regulation. BUT, if you don't use your funds they're gone.Īs an aside, "medically necessary" doesn't really have any bearing on HSA and FSA expense eligibility. Then if in March you leave the company having only contributed $500 you don't owe the difference. If you elect to contribute $200 per month, you can go have a $2,400 surgery on January first and pay for it completely with your FSA funds that you haven't even contributed yet. The use it or lose it nature of an FSA stems from the fact that you have access to all of your annual allocation on the first day of the plan year. When the plan year has closed it's generally closed with a capital C in order to stay compliant with the IRS regulations. This video is private Watch on Myth 2: Only students need to create an FSA ID. Federal Student Aid has a variety of resources, such as this helpful video, that walk you through each step of creating an FSA ID. On average, it takes about seven minutes to create an FSA ID. A grace period extends your ability to incur and file claims, but the extended filing date is typically March 31, considering a January 1 plan year. Myth 1: It’ll take a long time to create my FSA ID.
FSA VERIFY EMAIL CODE
You will be sent a secure code to enter to verify your phone number or email address.
For this reason, we ask that you please contact your employer or on-site administrator before contacting Paychex. On this page, select whether to verify your mobile phone number or email address. Note: In order to keep your information safe, Paychex support staff may not be authorized to speak with our clients’ employees, depending on the situation. While this is not specific to Wageworks, there are a couple of options an employer can elect known as the grace period or the roll over. You can verify your mobile phone number or email address by logging in with your FSA ID and going to the Personal Information page under Settings. Step 7 is to verify your mobile phone number and email address so they can be used for account recovery and two- factor authentication. Do you know your plan's plan year (does the plan have a January 1 start date)? I'm assuming you're referencing the 2015 plan year considering you mention it's been nearly a year. It's not likely that an FSA vendor will accept your proof at this point.
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